SF 2946

as introduced - 93rd Legislature (2023 - 2024) Posted on 08/04/2023 09:37am

A bill for an act
relating to capital investment; appropriating money for an interchange at marked
U.S. Highway 14 and County State-Aid Highway 44 in Olmsted 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 OLMSTED COUNTY; U.S. HIGHWAY 14 AND COUNTY STATE-AID
HIGHWAY 44.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $25,200,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation to conduct
environmental analysis, predesign, design, engineer, acquire right-of-way for, construct,
furnish, and equip an interchange at marked U.S. Highway 14 and County State-Aid Highway
44, including a flyover at 7th Street NW, in Olmsted County, and associated infrastructure
and road work to accommodate the interchange. This appropriation is for the portion of the
project that is eligible for use of proceeds of general obligation bonds.
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 account in the state transportation fund, the commissioner of management and
budget shall sell and issue bonds of the state in an amount up to $25,200,000 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