SF 1838

as introduced - 87th Legislature (2011 - 2012) Posted on 02/16/2012 09:19am

A bill for an act
relating to capital investment; appropriating money for the rehabilitation of the
Franklin Avenue Bridge; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin FRANKLIN AVENUE BRIDGE REHABILITATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $11,750,000 is appropriated from the bond
proceeds fund to the commissioner of transportation for a grant to Hennepin County for
rehabilitation of the Franklin Avenue Bridge in the city of Minneapolis. This appropriation
may be used for replacement of the deck, sidewalks, railings, and cap beams; patching
at deteriorated locations such as piers, arch ribs, spandrel columns, cap beams, and
abutments; and providing for corrosion mitigation.
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 $11,750,000 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