SF 1164

as introduced - 91st Legislature (2019 - 2020) Posted on 02/14/2019 02:42pm

A bill for an act
relating to capital investment; appropriating money for a pedestrian crossing in
the city of St. Joseph; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ST. JOSEPH; PEDESTRIAN CROSSING.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,500,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to the city of St. Joseph to construct a
pedestrian bridge over County Road 75 in Stearns County. This appropriation is not available
until the commissioner of management and budget determines that at least an equal amount
has been committed from nonstate sources to complete the project. Amounts expended on
eligible capital costs before the effective date of this section count toward the nonstate
match.
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 $1,500,000 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