SF 1594

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

A bill for an act
relating to transportation; appropriating money and
authorizing issuance of state bonds for highway 5
safety improvements.

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

Section 1. new text begin HIGHWAY 5 SAFETY IMPROVEMENTS.
new text end

new text begin $2,500,000 is appropriated from the bond proceeds fund to
the commissioner of transportation for the addition of protected
left-turn lanes and related improvements to enhance safety on
marked Trunk Highway 5 in Lake Elmo and Baytown township.
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 in an amount up to $2,500,000 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