SF 292

as introduced - 89th Legislature (2015 - 2016) Posted on 01/27/2015 09:28am

A bill for an act
relating to transportation; capital improvements; appropriating money for
reconstruction of interchange of County Road 42 at marked Trunk Highway 52
in Dakota County; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin COUNTY ROAD 42 AND MARKED TRUNK HIGHWAY 52
INTERCHANGE; APPROPRIATION.
new text end

new text begin $10,000,000 is appropriated from the bond proceeds fund to the commissioner of
transportation for stage one of the project that reconstructs the interchange of County
Road 42 at marked Trunk Highway 52 in Dakota County.
new text end

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

new text begin To provide the money appropriated in section 1 from the bond proceeds fund, the
commissioner of management and budget shall sell and issue bonds of the state in an
amount up to $10,000,000 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.
new text end

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

new text begin Section 1 is effective the day following final enactment.
new text end