SF 4887

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/14/2024 09:31am

A bill for an act
relating to transportation; 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 $24,000,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation 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
associated frontage roads and backage roads within the trunk highway system. 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 trunk highway fund, the commissioner of management and budget
shall sell and issue bonds of the state in an amount up to $24,000,000 in the manner, upon
the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52,
and by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts
requested by the commissioner of transportation. The proceeds of the bonds, except accrued
interest and any premium received from the sale of the bonds, must be deposited in the bond
proceeds account in the trunk highway fund.
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