as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to highways; authorizing trunk highway bonds for construction of
interchange; appropriating money.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$1,000,000 is appropriated from the bond proceeds account in the trunk highway
fund to the commissioner of transportation for construction of an interchange at marked
Interstate Highway 94 and County State-Aid Highway 13 in Woodbury.
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To provide the money appropriated by section 1 from the bond proceeds account in
the trunk highway fund, the commissioner of finance shall sell and issue trunk highway
bonds in an amount up to $1,000,000 in the manner, on 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 on the sale of the bonds, must be credited to the bond proceeds
account in the trunk highway fund.
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Sections 1 and 2 are effective the day following final enactment.
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