SF 2757

as introduced - 90th Legislature (2017 - 2018) Posted on 03/02/2018 10:31am

A bill for an act
relating to capital investment; appropriating money for local road and trail
improvements in Carver County; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin TRUNK HIGHWAY 101 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 $9,000,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to Carver County following a jurisdictional
transfer to Carver County of the affected segment of marked Trunk Highway 101. The
appropriation may be used for design, right-of-way acquisition, engineering, and
reconstruction of marked Trunk Highway 101 between Pioneer Trail and Flying Cloud
Drive, including grade separation of a multipurpose pedestrian and bicycle trail from marked
Trunk Highway 101 for the Minnesota River Bluffs Regional Trail and a regional trail along
marked Trunk Highway 101. This appropriation is available when the commissioner of
management and budget determines that sufficient resources have been committed to
complete the project, as required by Minnesota Statutes, section 16A.502.
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 $9,000,000 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