SF 2561

as introduced - 92nd Legislature (2021 - 2022) Posted on 05/18/2021 08:08am

A bill for an act
relating to transportation; appropriating money to conduct a corridor study and
construct a best alternative project in Little Falls Township; authorizing the sale
and issuance of state bonds.

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

Section 1. new text begin LITTLE FALLS TOWNSHIP CORRIDOR STUDY AND
CONSTRUCTION PROJECT; 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 $10,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to Little Falls Township first for a
corridor study in consultation with the Department of Transportation to identify and examine
alternatives to best address the transportation needs of, and then for land acquisition,
predesign, design, engineering, and construction of the best alternative identified in the
corridor study at, the intersections of 123rd Street, Morrison County State-Aid Highway
76, and marked U.S. Highway 10 in Little Falls Township. This appropriation is available
until the project is completed or abandoned.
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 subdivision 1 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