SF 2151

as introduced - 89th Legislature (2015 - 2016) Posted on 05/07/2015 10:16am

A bill for an act
relating to transportation; capital investment; appropriating money for certain
components of the marked Trunk Highway 610 extension project; 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 610 PROJECT MODIFICATIONS;
APPROPRIATION AND TRUNK HIGHWAY BOND SALE AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $45,000,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for modifications
to the current project to extend marked Trunk Highway 610, to include:
new text end

new text begin (1) new alignment for a segment of Hennepin County State-Aid Highway 30 located
east of marked Interstate Highway 94;
new text end

new text begin (2) establishment of a new interchange located south of 101st Avenue North in
Maple Grove for Hennepin County State-Aid Highway 30 and marked Interstate Highway
94, that at a minimum provides for eastbound access onto marked Interstate Highway 94
and westbound access onto Hennepin County State-Aid Highway 30; and
new text end

new text begin (3) establishment of eastbound access from Hennepin County State-Aid Highway 30
onto marked Trunk Highway 610, and westbound access from marked Trunk Highway
610 onto Hennepin County State-Aid Highway 30.
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 subdivision 1 from the
bond proceeds account in the trunk highway fund, the commissioner of management
and budget shall sell and issue bonds of the state in an amount up to $45,000,000 in the
manner, upon the terms, and with the effect prescribed by Minnesota Statutes, sections
167.50 to 167.52, and by the Minnesota Constitution, article XIV, section 11, at the times
and in the amounts requested by the commissioner of transportation. The proceeds of the
bonds, except accrued interest and any premium received from the sale of the bonds, must
be deposited in the bond proceeds account in the trunk highway fund.
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