SF 2458

as introduced - 87th Legislature (2011 - 2012) Posted on 03/15/2012 09:05am

A bill for an act
relating to capital improvements; appropriating money for local road
improvement; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ROAD REPLACEMENT; MOE TOWNSHIP.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $80,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation as provided
in Minnesota Statutes, section 174.50, for a grant to Moe Township for reconstructing
the portion of East Moe Road that extends between County Road 8 and County Road 56
in Moe Township.
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 $80,000 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