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HF 1951

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/08/2021 04:44pm

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

Bill Text Versions

Engrossments
Introduction Posted on 03/04/2021

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for preliminary engineering
for a segment of marked U.S. Highway 3 in Dakota County; authorizing the sale
and issuance of state bonds.

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

Section 1. new text beginMARKED U.S. HIGHWAY 3; APPROPRIATION AND BOND SALE
AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $500,000 is appropriated from the bond proceeds account
in the trunk highway fund to the commissioner of transportation for a grant to Dakota County
to complete the preliminary engineering to determine corridor mobility and safety
improvement needs to marked U.S. Highway 3 from approximately 140th Street West in
Rosemount to marked Interstate 494 in Inver Grove Heights. 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 $500,000 in the manner, upon the
terms, and with the effect prescribed by Minnesota Statutes, section 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