SF 4886

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/19/2024 09:41am

A bill for an act
relating to capital investment; appropriating money for interchange improvements
at marked Trunk Highway 65 and Bunker Lake Boulevard Northeast in the city
of Ham Lake; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ANOKA COUNTY AND CITY OF HAM LAKE; MARKED TRUNK
HIGHWAY 65.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $18,000,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation for one or
more grants to Anoka County, the city of Ham Lake, or both for preliminary engineering,
environmental documentation, final design, right-of-way acquisition, and construction of
intersection improvements along marked Trunk Highway 65 at Anoka County State-Aid
Highway 116, also known as Bunker Lake Boulevard Northeast, and the associated frontage
roads, backage roads, connecting local streets, and any associated water and sanitary sewer
infrastructure improvements, if necessary or required for the construction. This appropriation
does not require a nonstate contribution.
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 $18,000,000 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