SF 2679

as introduced - 90th Legislature (2017 - 2018) Posted on 02/27/2018 08:41am

A bill for an act
relating to capital investment; appropriating money to repair and rehabilitate the
Stone Arch Bridge in Minneapolis; authorizing the sale and issuance of state bonds;
appropriating money for future inspections of the Stone Arch Bridge.

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

Section 1. new text begin STONE ARCH BRIDGE REHABILITATION; 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 $13,000,000 in fiscal year 2019 is appropriated from
the bond proceeds account in the state transportation fund to engineer, plan, design, repair,
and rehabilitate the Stone Arch Bridge in Minneapolis, including costs of construction
oversight and construction inspections.
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 account, the commissioner of management and budget shall sell and issue bonds
of the state in an amount up to $13,000,000 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, at the times and in the amounts requested by the
commissioner of transportation.
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

Sec. 2. new text begin APPROPRIATION.
new text end

new text begin $600,000 in fiscal year 2020 is appropriated from the general fund to the commissioner
of transportation for future inspections of the Stone Arch Bridge in Minneapolis. This
appropriation is available until June 30, 2030.
new text end