as introduced - 89th Legislature (2015 - 2016) Posted on 10/22/2015 01:53pm
A bill for an act
relating to transportation; capital investment; appropriating money for a
highway-rail grade separation project in Red Wing; authorizing the sale and
issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$14,200,000 is appropriated from the bond proceeds
account to the commissioner of transportation for construction of a highway-rail grade
separation at the intersection of Sturgeon Lake Road at Prairie Island and the Canadian
Pacific railroad crossing in the city of Red Wing.
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To provide the money appropriated in subdivision 1 from the
bond proceeds account, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $14,200,000 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, at the times and in the amounts
requested by the commissioner of transportation.
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This section is effective the day following final enactment.
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