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SF 3065

as introduced - 91st Legislature (2019 - 2020) Posted on 02/20/2020 02:59pm

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

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for a road extension and bridge
over the BNSF Northtown Yards in Fridley; authorizing the sale and issuance of
state bonds.

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

Section 1. new text beginFRIDLEY; 57TH AVENUE BRIDGE.
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
fund to the commissioner of transportation for a grant to the city of Fridley to acquire
right-of-way, predesign, design, engineer, and construct the extension of 57th Avenue,
including a bridge and approach walls, across the BNSF Northtown Yards from Main Street
NE westward to East River Road in Fridley. 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 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 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