HF 612

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to highways; authorizing issuance of up to
$2,524,000 in state bonds for the East Two Rivers
project near the city of Tower; appropriating money.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin APPROPRIATION.
new text end

new text begin $2,524,000, or so much thereof as the commissioner of
transportation determines is necessary, is appropriated to the
commissioner of transportation from the bond proceeds fund for
the state share of the East Two Rivers project in or near the
city of Tower, including replacement of the marked Trunk Highway
169 bridge over East Two Rivers, demolition of the present
marked Trunk Highway 135 bridge over East Two Rivers, and
rerouting of marked Trunk Highway 135, and associated trunk
highway construction and reconstruction. The commissioner shall
not undertake this project unless the commissioner determines
that the project is essential to the restoration of deepwater
access between the city of Tower and Lake Vermilion, and that
all other essential steps to restore that access have been or
will be taken.
new text end

Sec. 2. new text begin BOND SALE AUTHORIZATION.
new text end

new text begin To provide the money appropriated in this act from the bond
proceeds fund, the commissioner of finance shall sell and issue
bonds of the state in an amount up to $2,524,000 in the manner,
upon the terms, and with the effect prescribed in Minnesota
Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7.
new text end

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin This act is effective the day following final enactment.
new text end