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SF 4435

as introduced - 91st Legislature (2019 - 2020) Posted on 03/17/2020 02:21pm

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 an interchange project on
marked Trunk Highway 252 in Brooklyn Park; authorizing the sale and issuance
of state bonds.

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

Section 1. new text beginMARKED TRUNK HIGHWAY 252 INTERCHANGE; APPROPRIATION
AND TRUNK HIGHWAY BOND SALE AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $20,000,000 is appropriated from the bond proceeds
account in the state transportation fund to the commissioner of transportation for a grant to
Hennepin County to acquire land and right-of-way, perform environmental analysis, and
complete preliminary and final design, engineering, and construction of an interchange
located at marked Trunk Highway 252 and Hennepin County State-Aid Highway 109,
known as 85th Avenue North, in Brooklyn 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 state
transportation fund, the commissioner of management and budget shall sell and issue bonds
of the state in an amount up to $20,000,000 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