Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

SF 2108

as introduced - 89th Legislature (2015 - 2016) Posted on 04/23/2015 08:37am

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

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19
1.20

A bill for an act
relating to transportation; capital investment; appropriating money for
construction of a roundabout in the city of Cold Spring; authorizing the sale
and issuance of state bonds.

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

Section 1. new text begin STEARNS COUNTY ROUNDABOUT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,200,000 is appropriated from the bond proceeds
account in the state transportation fund as provided in Minnesota Statutes, section
174.50, to the commissioner of transportation, for a grant to Stearns County for design,
engineering, land acquisition, and construction of a roundabout at the intersection of
Stearns County State-Aid Highway 2 and Stearns County State-Aid Highway 50 in the city
of Cold Spring, as part of a Stearns County State-Aid Highway 2 reconstruction project.
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 state transportation fund, the commissioner of management
and budget shall sell and issue bonds of the state in an amount up to $1,200,000 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. The
proceeds of the bonds, except accrued interest and any premium received on the sale of
the bonds, must be credited to the bond proceeds account in the state transportation 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