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SF 1433

as introduced - 91st Legislature (2019 - 2020) Posted on 11/02/2020 09:19am

KEY: stricken = removed, old language.
underscored = added, new language.
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Current Version - as introduced

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A bill for an act
 relating to capital investment; appropriating money to construct an interchange at
marked Trunk Highway 36 and County State-Aid Highway 15; authorizing the
sale and issuance of state bonds.

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

Section 1. INTERCHANGE AT MARKED TRUNK HIGHWAY 36 AND COUNTY
STATE-AID HIGHWAY 15; APPROPRIATION AND TRUNK HIGHWAY BOND
SALE AUTHORIZATION.

Subdivision 1.

Appropriation.

$15,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation to design, construct, furnish, and equip an
interchange at marked Trunk Highway 36 and County State-Aid Highway 15, known as
Manning Avenue, in Washington County.

Subd. 2.

Bond sale.

To provide the money appropriated in subdivision 1 from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $15,000,000 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, at the times and in the amounts requested by the
commissioner of transportation.

EFFECTIVE DATE.

This section is effective the day following final enactment.