HF 972

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/01/2023 05:25pm

A bill for an act
relating to capital investment; appropriating money for the Rice Street revitalization
project in Ramsey County; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin RAMSEY COUNTY; RICE STREET REVITALIZATION.
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
account in the Minnesota transportation fund to the commissioner of transportation for one
or more grants to Ramsey County, the city of Maplewood, the city of Saint Paul, or the city
of Roseville for the Rice Street revitalization project, to improve safety for users in the
corridor with a focus on pedestrians and bicyclists. This appropriation includes money for
reconstruction of Rice Street (County State-Aid Highway 49) and on approach streets to
support reconstruction of Rice Street from Wheelock Parkway in St. Paul to County Road
B in Roseville and Maplewood.
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, at the times and in the amounts requested by the
commissioner of transportation.
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