SF 2395

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to highways; appropriating money and authorizing issuance of trunk
highway bonds for an interchange at I-35 and County State-Aid Highway 23.

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

Section 1. new text begin ANOKA COUNTY HIGHWAY INTERCHANGE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,860,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for constructing
an interchange improvement at marked Interstate Highway 35 and County State-Aid
Highway 23 in the city of Lino Lakes in Anoka County.
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
trunk highway fund, the commissioner of finance shall sell and issue bonds of the state in
an amount up to $2,860,000 in the manner, upon the terms, and with the effect prescribed
in Minnesota Statutes, sections 167.50 and 167.51, and by the Minnesota Constitution,
article XIV, section 11. The proceeds of the bonds, except accrued interest and any
premium received on the sales of the bonds, must be credited to a bond proceeds account
in the trunk highway fund.
new text end

Sec. 2. new text begin EFFECTIVE DATE.
new text end

new text begin Section 1 is effective the day following final enactment.
new text end