SF 2369

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

A bill for an act
relating to capital investment; appropriating money for an enclosed pedestrian
and bike overpass across Cedar Avenue in Apple Valley; authorizing the sale
and issuance of state bonds.

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

Section 1. new text begin PEDESTRIAN AND BIKE OVERPASS; APPLE VALLEY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of Apple Valley to
design, construct, furnish, and equip an enclosed pedestrian and bike overpass over Cedar
Avenue near 147th Street. The bridge will connect to the 147th Street transit stations in
Apple Valley. This appropriation may be used for associated improvements to the transit
stations. Notwithstanding Minnesota Statutes, section 16A.86, the city's contribution
of $2,300,000 since 2012 toward Cedar Avenue transitway improvements satisfies the
requirement for a nonstate match.
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 $5,000,000 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