SF 599

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 23.

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

Section 1. new text begin ANOKA COUNTY HIGHWAY INTERCHANGE;
APPROPRIATION.
new text end

new text begin $2,860,000 is appropriated from the bond proceeds account
in the trunk highway fund to the commissioner of transportation
for constructing an interchange improvement at marked Interstate
Highway 35 and County State-Aid Highway 23 in the city of Lino
Lakes in Anoka County.
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
trunk highway fund, the commissioner of finance shall sell and
issue bonds of the state in an amount up to $2,860,000 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

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

new text begin Sections 1 and 2 are effective the day following final
enactment.
new text end