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SF 257

as introduced - 87th Legislature (2011 - 2012) Posted on 02/23/2012 08:35am

KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to capital improvements; appropriating money for the Lindau Lane
Corridor; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin LINDAU LANE CORRIDOR COMPLETE STREETS AND SAFETY
ENHANCEMENT PROJECT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $15,450,000 is appropriated from the bond proceeds
fund to the Metropolitan Council for a grant to the city of Bloomington for completion
of street and safety improvements within the Lindau Lane Corridor including: a safety
improvement to the access from Trunk Highway 77 to Lindau Lane; grade separation on
Lindau Lane at 21st Avenue; Lindau Lane complete street extension from 24th Avenue
to 30th Avenue; 30th Avenue complete street from American Boulevard to East Old
Shakopee Road; and Lindau Lane pedestrian and bike improvements from 30th Avenue to
31st Avenue. This appropriation is not available until the commissioner of management
and budget determines that a local match is committed to the project. The local match
must provide at least $2 for every $1 of state money.
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 $15,450,000 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