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SF 3127

as introduced - 91st Legislature (2019 - 2020) Posted on 02/13/2020 04:23pm

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to transportation; appropriating money for replacement of the Mission
Creek bridge on Trunk Highway 23 in Duluth; authorizing the sale and issuance
of state bonds.

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

Section 1. new text beginTRUNK HIGHWAY BONDS; 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 $4,500,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for predesign,
design, preliminary and final engineering, environmental analysis, right-of-way acquisition,
and reconstruction or replacement of the bridge on marked Trunk Highway 23 over Mission
Creek in Duluth.
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 in the trunk highway fund, the commissioner of management and budget
shall sell and issue bonds of the state in an amount up to $4,500,000 in the manner, upon
the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52,
and by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts
requested by the commissioner of transportation. The proceeds of the bonds, except accrued
interest and any premium received from the sale of the bonds, must be deposited in the bond
proceeds account in the trunk highway fund.
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