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SF 2600

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/03/2022 09:58am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to transportation; capital investment; appropriating money for
reconstruction of the interchange at Interstate 35 and County State-Aid Highway
50 in Dakota County; authorizing the sale and issuance of state bonds.

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

Section 1. new text beginDAKOTA COUNTY; INTERSTATE 35 INTERCHANGE PROJECT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $42,000,000 is appropriated from the bond proceeds
fund to Dakota County to address corridor mobility and safety improvement needs along
marked Interstate 35 from approximately the County State-Aid Highway 50 interchange in
Lakeville to County State-Aid Highway 42 in Burnsville. This appropriation will be used
in coordination with the pavement replacement project included in the Minnesota Department
of Transportation 10-Year Capital Highway Improvement Program.
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 $42,00,000 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