SF 2401

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 11:36pm

A bill for an act
relating to capital improvements; authorizing the issuance of state bonds;
appropriating money for local bridge replacement and rehabilitation.

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

Section 1. new text begin LOCAL BRIDGE REPLACEMENT AND REHABILITATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $75,000,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation to match
federal money and to replace or rehabilitate local deficient bridges as provided in
Minnesota Statutes, section 174.50.
new text end

new text begin Political subdivisions may use grants made under this subdivision to construct or
reconstruct bridges, including but not limited to:
new text end

new text begin (1) matching federal-aid grants to construct or reconstruct key bridges;
new text end

new text begin (2) paying the costs of preliminary engineering and environmental studies authorized
under Minnesota Statutes, section 174.50, subdivision 6a;
new text end

new text begin (3) paying the costs to abandon an existing bridge that is deficient and in need of
replacement, but where no replacement will be made; and
new text end

new text begin (4) paying the costs to construct a road or street to facilitate the abandonment of
an existing bridge determined by the commissioner to be deficient, if the commissioner
determines that construction of the road or street is more economical than replacement of
the existing bridge.
new text end

new text begin $2,000,000 is to rehabilitate historic Mayowood County Road 125 bridge 89182
in Olmsted County.
new text end

new text begin $1,050,000 is to replace County State-Aid Highway 19 bridge 5877 over the north
branch of the Root River in Olmsted County.
new text end

new text begin $400,000 is to replace Mayo Run County State-Aid Highway 8 bridge L6145
in Olmsted 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
state transportation fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $75,000,000 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. The proceeds of the bonds, except
accrued interest and any premium received on the sale of the bonds, must be credited to
a bond proceeds account in the state transportation fund.
new text end

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

new text begin This act is effective the day following final enactment.
new text end