SF 3206

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to highways; appropriating money for connecting roads for Sauk Rapids
bridge; authorizing sale of trunk highway bonds.

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

Section 1. new text begin SAUK RAPIDS BRIDGE ROADS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,000,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation to construct
connecting roads for the Sauk Rapids bridge.
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 trunk highway fund, the commissioner of finance shall sell and issue bonds of the
state in an amount up to $5,000,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 167.50 and 167.51, and by the Minnesota
Constitution, article XIV, section 11. The proceeds of the bonds, except accrued interest
and any premium received on the sales of the bonds, must be credited to a bond proceeds
account in the trunk highway fund.
new text end