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SF 3018

as introduced - 91st Legislature (2019 - 2020) Posted on 02/20/2020 02:42pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to transportation; capital investment; appropriating money to construct
additional lanes on a segment of U.S. Highway 10; authorizing the sale and issuance
of trunk highway bonds.

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

Section 1. new text beginMARKED U.S. HIGHWAY 10 STRATEGIC CONGESTION
MITIGATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $25,000,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for a grant to Anoka
County to complete the preliminary engineering, environmental documentation, final design,
right-of-way acquisition, construction, and construction administration of a third travel lane
in each direction of marked U.S. Highway 10 from east of the interchange with Hanson
Boulevard to Round Lake Boulevard in the city of Coon Rapids. 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 subdivision 1 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 $25,000,000 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