HF 4470

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/29/2024 02:57pm

A bill for an act
relating to capital investment; appropriating money for a road extension and bridge
over the BNSF Northtown Yard 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 begin FRIDLEY; BNSF NORTHTOWN YARD OVERPASS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $6,000,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to the city of Fridley to predesign, design,
and engineer the extension of 57th Avenue NE, including public utilities as necessary and
a bridge and approach walls, across the BNSF Northtown Yard from Main Street NE (Anoka
County State-Aid Highway 102) westward to East River Road (Anoka County State-Aid
Highway 1) in Fridley. This appropriation is for a match to leverage federal money for this
project of approximately $24,000,000.
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 $6,000,000 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