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SF 1316

as introduced - 89th Legislature (2015 - 2016) Posted on 03/05/2015 08:42am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for street and highway
intersection improvements in the city of Golden Valley; authorizing the sale
and issuance of state bonds.

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

Section 1. new text begin GOLDEN VALLEY; STREET AND HIGHWAY INTERSECTION
IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $18,600,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of Golden Valley
to reconstruct approximately one and three-quarters miles of Douglas Drive north of
Highway 55, including on-street bicycle lanes and off-street trails and sidewalks, and
to design, engineer, and construct public safety improvements at the intersection of
Douglas Drive and Highway 55, including a box culvert underpass across Highway 55, a
roundabout and extended frontage road south of Highway 55, retaining wall construction,
underground utility relocation, sidewalk and trail connections to existing facilities,
Americans with Disabilities Act-compliant facilities, and landscaping. This appropriation
does not require a nonstate contribution.
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 this section from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $18,600,000 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

new text begin EFFECTIVE DATE. new text end

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