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SF 4125

as introduced - 91st Legislature (2019 - 2020) Posted on 03/10/2020 08:48am

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 highway-rail grade
separation on County State-Aid Highways 55, 5, and 15 in Kandiyohi County;
authorizing the sale and issuance of state bonds.

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

Section 1. new text beginKANDIYOHI COUNTY; HIGHWAY-RAIL GRADE SEPARATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,900,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to Kandiyohi County to acquire property,
predesign, design, engineer, construct, and equip a highway-rail grade separation overpass
of County State-Aid Highway 55 over BNSF railroad tracks and for construction and
reconstruction of local roadways to reestablish the local road network for County State-Aid
Highways 55, 5, and 15 in Kandiyohi County on the southwest side of the Willmar Industrial
Park.
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 $3,900,000 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