SF 2208

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/23/2021 08:14am

A bill for an act
relating to capital investment; appropriating money for a highway overpass at the
intersection of marked Interstate Highway 35 and County State-Aid Highway 19
in Chisago County; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin CHISAGO COUNTY; OVERPASS AT MARKED INTERSTATE
HIGHWAY 35 AND COUNTY STATE-AID HIGHWAY 19 INTERSECTION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $13,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to Chisago County to predesign,
design, furnish, and equip city streets and multiuse paved trails that will be realigned in
conjunction with the construction of an overpass at the intersection of marked Interstate
Highway 35 and County State-Aid Highway 19 in Chisago County and for reconstruction
of County State-Aid Highway 19 from the intersection of County State-Aid Highway 19
and marked Interstate Highway 35 to County State-Aid Highway 30 to widen the overpass
and for realignment. This appropriation is for expenses eligible for general obligation bond
proceeds. This appropriation is available when the commissioner of management and budget
determines that sufficient resources have been committed to complete the project, as required
by Minnesota Statutes, section 16A.502.
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 $13,000,000 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