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SF 1234

as introduced - 89th Legislature (2015 - 2016) Posted on 08/20/2015 04:20pm

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to transportation; appropriating money for the reconstruction of
the Kellogg-Third Street bridge; authorizing the sale and issuance of state
transportation bonds.

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

Section 1. new text begin KELLOGG-THIRD STREET BRIDGE RECONSTRUCTION; ST.
PAUL.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $40,000,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation for a grant
to the city of St. Paul for predesign, design, engineering, and reconstruction of the
Kellogg-Third Street bridge that aligns with municipal state-aid Street No. 158, in the city
of St. Paul. This appropriation may be used for right-of-way acquisition, mobilization,
excavation, piers and abutments, beams, deck, railings, sidewalks, parapets, lighting,
traffic control, and existing bridge demolition. The appropriation may also be used for
right-of-way acquisition, predesign, design, engineering, and reconstruction of approach
roadways for the Kellogg-Third Street bridge, including mobilization, removals, retaining
walls, roadway base, bituminous, curb and gutter, sidewalks, lighting, striping, traffic
signals, excavation, and traffic control. Notwithstanding Minnesota Statutes, section
174.50, subdivision 5, the city of St. Paul is not required to provide a match.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in subdivision 1 from the
state transportation fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $40,000,000 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. The proceeds of the bonds, except
accrued interest and any premium received from the sale of the bonds, must be deposited
in the bond proceeds account in the state transportation fund.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end