SF 4842

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/12/2024 09:13am

A bill for an act
relating to capital investment; appropriating money for Phase 2 of a new highway
department maintenance facility in Murray County; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin MURRAY COUNTY; HIGHWAY DEPARTMENT MAINTENANCE
FACILITY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $8,500,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to Murray County to design, construct,
furnish, and equip Phase 2 of a new highway department maintenance facility for Murray
County in the city of Slayton. This appropriation includes money for the construction of
facility space to store equipment, chemicals, and other materials related to highway
maintenance; power and fuel supply systems; and associated improvements to the site to
manage traffic safety and stormwater issues related to the facility.
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 $8,500,000 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