SF 5223

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/26/2024 09:06am

A bill for an act
relating to capital investment; appropriating money for capital improvements for
historic bridges; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin HISTORIC BRIDGE IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,000,000 is appropriated from the bond proceeds
account in the state transportation fund as provided in Minnesota Statutes, section 174.50,
to the commissioner of transportation for grants to political subdivisions to acquire,
rehabilitate, and reconstruct historic bridges, in accordance with Minnesota Statutes, section
174.50, subdivision 7, paragraph (d), clause (4).
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 as provided in Minnesota Statutes, section
174.50, the commissioner of management and budget shall sell and issue bonds of the state
in an amount up to $5,000,000 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