SF 1670

as introduced - 89th Legislature (2015 - 2016) Posted on 08/21/2015 02:56pm

A bill for an act
relating to capital improvements; authorizing sale and issuance of general
obligation bonds for local roads and bridges; appropriating money.

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

Section 1. new text begin APPROPRIATION FOR LOCAL BRIDGE REPLACEMENT AND
REHABILITATION.
new text end

new text begin $200,000,000 is appropriated from the bond proceeds account in the state
transportation fund to the commissioner of transportation to match federal money and to
replace or rehabilitate local deficient bridges as provided in Minnesota Statutes, section
174.50. This appropriation is for the actual construction, reconstruction, and improvement
of local bridges, including design-build contracts and consultant usage to support these
activities. This includes the cost of actual payments to landowners for lands acquired for
highway rights-of-way, payments to lessees, interest subsidies, and relocation expenses.
The commissioner, in awarding grants under this appropriation, may establish priorities
according to the master bridge priority list.
new text end

Sec. 2. new text begin APPROPRIATION FOR LOCAL ROAD IMPROVEMENT FUND
GRANTS.
new text end

new text begin $200,000,000 is appropriated from the bond proceeds account in the state
transportation fund to the commissioner of transportation for: (1) construction and
reconstruction of local roads with statewide or regional significance under Minnesota
Statutes, section 174.52, subdivision 4, with priority given to projects that will expand the
state's ten-ton road system; and (2) grants to counties to assist in paying the costs of rural
road safety capital improvement projects on county state-aid highways under Minnesota
Statutes, section 174.52, subdivision 4a.
new text end

Sec. 3. new text begin BOND AUTHORIZATION.
new text end

new text begin To provide the money appropriated in sections 1 and 2 from the bond proceeds
account, the commissioner of management and budget shall sell and issue bonds of the
state in an amount up to $400,000,000 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, at the times and in the amounts requested by the
commissioner of transportation.
new text end

Sec. 4. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 to 3 are effective the day following final enactment.
new text end