SF 2419

as introduced - 93rd Legislature (2023 - 2024) Posted on 07/06/2023 02:00pm

A bill for an act
relating to transportation; appropriating money for reconstruction of marked U.S.
Highway 8; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MARKED U.S. HIGHWAY 8 RECONSTRUCTION; APPROPRIATION
AND BOND SALE AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $35,000,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for a grant to
Chisago County to predesign, design, engineer, and construct a reconstruction of marked
U.S. Highway 8 from Karmel Avenue in Chisago City to marked Interstate Highway 35
and pedestrian and bike trails along and crossing this portion of marked U.S. Highway 8.
This reconstruction may include expanding segments of marked U.S. Highway 8 to four
lanes, constructing or reconstructing frontage roads and backage roads, and realigning local
roads to consolidate, remove, and relocate access onto and off of marked U.S. Highway 8.
This appropriation is for the portion of the project that is eligible for use of proceeds of
trunk highway bonds. This appropriation is available when the commissioner of management
and budget determines that sufficient resources have been committed to complete the project.
This appropriation is available until the project is completed or abandoned subject to
Minnesota Statutes, section 16A.642.
new text end

new text begin Subd. 2. new text end

new text begin Appropriation. new text end

new text begin $15,000,000 is appropriated from the bond proceeds fund to
the commissioner of transportation for a grant to Chisago County to predesign, design,
engineer, and construct a reconstruction of marked U.S. Highway 8 from Karmel Avenue
in Chisago City to marked Interstate Highway 35 and pedestrian and bike trails along and
crossing this portion of marked U.S. Highway 8. This reconstruction may include expanding
segments of marked U.S. Highway 8 to four lanes, constructing or reconstructing frontage
roads and backage roads, and realigning local roads to consolidate, remove, and relocate
access onto and off of marked U.S. Highway 8. This appropriation is for the portion of the
project that is eligible for use of general obligation bond proceeds. This appropriation is
available when the commissioner of management and budget determines that sufficient
resources have been committed to the project to complete the project. This appropriation
is available until the project is completed or abandoned, subject to Minnesota Statutes,
section 16A.642.
new text end

new text begin Subd. 3. new text end

new text begin Bond sale; trunk highway bonds. new text end

new text begin To provide the money appropriated in
subdivision 1 from the bond proceeds account in the trunk highway fund, the commissioner
of management and budget shall sell and issue bonds of the state in an amount up to
$35,000,000 in the manner, upon 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 from the sale of
the bonds, must be deposited in the bond proceeds account in the trunk highway fund.
new text end

new text begin Subd. 4. new text end

new text begin Bond sale; general obligation bonds. new text end

new text begin To provide the money appropriated in
subdivision 2 from the bond proceeds fund, the commissioner of management and budget
shall sell and issue bonds of the state in an amount up to $15,000,000 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 Subd. 5. new text end

new text begin Marked U.S. Highway 8 reconstruction; application of planned
spending. new text end

new text begin Amounts planned by the Department of Transportation for the resurfacing of
marked U.S. Highway 8, as reflected in the department's Metro District 10-Year Capital
Highway Investment Plan 2020-2029, shall instead be applied to the reconstruction of
marked U.S. Highway 8 to supplement appropriations for that purpose from any fund in
this section.
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