SF 3891

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/25/2022 10:30am

A bill for an act
relating to capital investment; appropriating money for improvements and
reconstruction of 10th Street, 9th Street, 2nd Avenue, and 3rd Avenue in the city
of Newport; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin NEWPORT; IMPROVEMENTS TO 10TH STREET, 9TH STREET, 2ND
AVENUE, AND 3RD AVENUE; 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 $1,853,000 in fiscal year 2022 is appropriated from the
bond proceeds account in the state transportation fund to the commissioner of transportation
for one or more grants to the city of Newport for improvements and reconstruction of 9th
Street and 10th Street west of 4th Avenue, and 2nd Avenue and 3rd Avenue between 9th
Street and 10th Street in the city of Newport. This project includes replacement of hydrants,
replacement of the existing water main, installation of new water main and sanitary sewer
collection systems, and construction of stormwater collection and treatment systems.
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 fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $1,853,000 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