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SF 3662

as introduced - 91st Legislature (2019 - 2020) Posted on 02/27/2020 03:21pm

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 pedestrian and bicycle
overpass over Highway 169 in Shakopee; authorizing the sale and issuance of state
bonds.

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

Section 1. new text beginHIGHWAY 169 PEDESTRIAN AND BICYCLE OVERPASS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,162,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the city of
Shakopee to acquire land or interests in land, predesign, design, engineer, and construct a
pedestrian and bicycle overpass over marked Trunk Highway 169, and establish new trail
segments, to connect the Southbridge neighborhood and Quarry Lake Park. 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.
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 $2,162,000 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