SF 574

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

A bill for an act
relating to capital improvements; appropriating money
for Forest Highway 11 in Lake County; authorizing
state bonds.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $540,000, or so much of that amount as the commissioner of
transportation determines is needed, is appropriated from the
bond proceeds fund to the commissioner of transportation for a
grant to Lake County to match federal funding for bridge and
highway replacement, rehabilitation, and repair to Forest
Highway 11.
new text end

Sec. 2. new text begin BOND SALE.
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, when requested by the commissioner of
transportation, in an amount up to $540,000 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