SF 20

as introduced - 90th Legislature (2017 - 2018) Posted on 08/08/2017 10:33am

A bill for an act
relating to transportation; capital investment; appropriating money for a controlled
railroad crossing project in Wayzata; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin APPROPRIATION AND BOND SALE AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $500,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for construction of controlled railroad safety crossings
and attendant development at East Lake Street and Barry Avenue in the city of Wayzata.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in subdivision 1 from the bond
proceeds account, the commissioner of management and budget shall sell and issue bonds
of the state in an amount up to $500,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7, at the times and in the amounts requested by the
commissioner of transportation.
new text end

new text begin EFFECTIVE DATE. new text end

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