SF 3324

as introduced - 90th Legislature (2017 - 2018) Posted on 03/15/2018 12:52pm

A bill for an act
relating to capital investment; appropriating money for a highway-rail grade
separation project in Ramsey; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin HIGHWAY-RAIL GRADE SEPARATION.
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 state transportation fund to the commissioner of transportation for engineering,
design, and right-of-way acquisition required for construction of an underpass on Anoka
County State-Aid Highway 56, otherwise known as Ramsey Boulevard, under the Burlington
Santa Fe Railroad in the city of Ramsey and associated improvements on U.S. Trunk
Highway 10/169 in the city of Ramsey.
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 $5,000,000 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