as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
A bill for an act
relating to highways; appropriating money and
authorizing issuance of trunk highway bonds for an
interchange at I-35 and County State-Aid Highway 50.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
new text begin
$5,000,000 is appropriated from the bond proceeds account
in the trunk highway fund to the commissioner of transportation
for construction and right-of-way for an interchange improvement
at marked Interstate Highway 35 and County State-Aid Highway 50
in the city of Lakeville in Dakota County.
new text end
new text begin
To provide the money appropriated in this act from the
trunk highway fund, the commissioner of finance shall sell and
issue bonds of the state in an amount up to $5,000,000 in the
manner, upon the terms, and with the effect prescribed in
Minnesota Statutes, sections 167.50 and 167.51, and by the
Minnesota Constitution, article XIV, section 11. The proceeds
of the bonds, except accrued interest and any premium received
on the sales of the bonds, must be credited to a bond proceeds
account in the trunk highway fund.
new text end
new text begin
This act is effective the day following final enactment.
new text end