SF 1781

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to highways; authorizing issuance of trunk 
  1.3             highway bonds for improvements to marked Trunk Highway 
  1.4             10; appropriating money. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [TRUNK HIGHWAY 10; BONDS AUTHORIZED.] 
  1.7      $2,500,000 is appropriated from the trunk highway fund to 
  1.8   the commissioner of transportation for constructing the 
  1.9   intersection of marked Trunk Highway 10, with County Road 81 and 
  1.10  200th Street in Big Lake Township.  This appropriation is 
  1.11  available until spent. 
  1.12     Sec. 2.  [BOND AUTHORIZATION.] 
  1.13     To provide the money appropriated in this act from the 
  1.14  trunk highway fund, the commissioner of finance shall sell and 
  1.15  issue bonds of the state in an amount up to $2,500,000 in the 
  1.16  manner, upon the terms, and with the effect prescribed by 
  1.17  Minnesota Statutes, sections 167.50 to 167.52, and by the 
  1.18  Minnesota Constitution, article XIV, section 11, at the times 
  1.19  and in the amounts requested by the commissioner of 
  1.20  transportation.  The proceeds of the bonds, except accrued 
  1.21  interest and any premium received on the sale of the bonds, must 
  1.22  be credited to the trunk highway fund. 
  1.23     Sec. 3.  [EFFECTIVE DATE.] 
  1.24     Sections 1 and 2 are effective the day following final 
  1.25  enactment.