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SF 3783

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/08/2022 08:42am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for infrastructure improvements
along Center Avenue in the city of Madelia; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin MADELIA; CENTER AVENUE IMPROVEMENTS AND
RECONSTRUCTION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,300,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation for a grant to
the city of Madelia for infrastructure improvements in the Center Avenue corridor. This
project includes the predesign, design, engineering, construction, and installation of water,
sewer, and storm sewer improvements, including removal and replacement of infrastructure,
and the associated reconstruction and renovation of Center Avenue.
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 $10,300,000 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