as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; authorizing sale of state transportation bonds;
appropriating money for Sauk Rapids Bridge project.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$6,000,000 is appropriated from the state
transportation fund to the commissioner of transportation for connecting roads,
right-of-way, engineering, construction, and related costs for the Sauk Rapids Bridge
project, and for related, previously authorized projects.
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To provide the money appropriated in subdivision 1 from the
state transportation fund, the commissioner of finance shall sell and issue bonds of the
state in an amount up to $6,000,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675 and 174.51, and by the
Minnesota Constitution, article XI, sections 4 to 7. The proceeds of the bonds, except
accrued interest and any premium received on the sale of the bonds, must be credited to
a bond proceeds account in the state transportation fund.
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Section 1 is effective the day following final enactment.
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