SF 1273

as introduced - 90th Legislature (2017 - 2018) Posted on 02/23/2017 09:32am

A bill for an act
relating to capital investment; appropriating money for road and infrastructure
improvements in the city of St. Cloud; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin ST. CLOUD; COUNTY HIGHWAY 136 RECONSTRUCTION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,400,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to the city of St. Cloud for reconstruction
of streets, sidewalks, and other capital improvements of publicly owned infrastructure
required for the reconstruction of County State-Aid Highway (CSAH) 136 between 22nd
Street South and Oak Hill Elementary School property, and for resurfacing of CSAH 136
between Oak Hill Elementary School property and 33rd Street South, in the city of St.
Cloud.
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 $1,400,000 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