SF 2378

as introduced - 90th Legislature (2017 - 2018) Posted on 05/09/2017 09:22am

A bill for an act
relating to capital investment; appropriating money for marked Trunk Highway
23 construction; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MARKED TRUNK HIGHWAY 23; APPROPRIATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $....... is appropriated from the general fund to the
commissioner of transportation to construct marked Trunk Highway 23 as a four-lane divided
highway (1) from the point where marked Trunk Highway 23 ceases as a four-lane divided
highway near the intersection with Kandiyohi County State-Aid Highway 31, located east
of New London, to the point where marked Trunk Highway 23 commences as a four-lane
divided highway, located southwest of Paynesville, and (2) from the point where marked
Trunk Highway 23 ceases as a four-lane divided highway, located northeast of Paynesville,
to the point where marked Trunk Highway 23 commences as a four-lane divided highway,
located southwest of Richmond. Notwithstanding Minnesota Statutes, section 16A.28, this
amount is available for seven years.
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 $....... 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