SF 462

as introduced - 93rd Legislature (2023 - 2024) Posted on 06/13/2023 12:13pm

A bill for an act
relating to transportation; appropriating money for improvements to Carver County
State-Aid Highway 18; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin CARVER COUNTY STATE-AID HIGHWAY 18; 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 $10,000,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation for one or
more grants to the cities of Victoria, Chaska, or Chanhassen or Carver County, or any
combination of these entities, for environmental analysis, property or permanent easement
acquisition, design, engineering, and construction of improvements to Carver County
State-Aid Highway 18, known as West 82nd Street, from Bavaria Road to marked Trunk
Highway 41. This project includes cross streets, off-street trails, a bridge over a ravine and
trail, and utility relocations, installations, and connections. This appropriation is available
when the commissioner of management and budget determines that a sufficient nonstate
contribution has been committed to complete the project, as required by Minnesota Statutes,
section 16A.502.
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 state
transportation fund, the commissioner of management and budget shall sell and issue bonds
of the state in an amount up to $10,000,000 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