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SF 1970

as introduced - 89th Legislature (2015 - 2016) Posted on 03/26/2015 09:01am

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

Current Version - as introduced

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2.1

A bill for an act
relating to transportation; highways; making an appropriation for construction
of a segment of marked Trunk Highway 23 as a four-lane divided highway;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MARKED TRUNK HIGHWAY 23; APPROPRIATION AND TRUNK
HIGHWAY BOND SALE AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $....... is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for construction
of marked Trunk Highway 23 as a four-lane divided highway from the point where
marked Trunk Highway 23 ceases as a four-lane divided highway near the intersection
with Kandiyohi County State-Aid Highway 31, located east of New London, to the point
where marked Trunk Highway 23 commences as a four-lane divided highway, located
southwest of Paynesville.
new text end

new text begin (b) Notwithstanding Minnesota Statutes, section 16A.28, this appropriation is
available for seven years after the year of appropriation.
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 subdivision 1 from the
bond proceeds account in the trunk highway fund, the commissioner of management and
budget shall sell and issue bonds of the state in an amount up to $....... in the manner, upon
the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52,
and by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts
requested by the commissioner of transportation. The proceeds of the bonds, except
accrued interest and any premium received from the sale of the bonds, must be deposited
in the bond proceeds account in the trunk highway fund.
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