Bill Text: MN HF1285 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Nicollet County; marked U.S. Highway 14 Interchange funding provided, bonds issued, and money appropriated.
Sponsorship: Slight Partisan Bill (Democrat 2-1)
Status: (Introduced - Dead) 2013-03-05 - Introduction and first reading, referred to Transportation Finance [HF1285 Detail]
Download: Minnesota-2013-HF1285-Introduced.html
1.2relating to transportation; appropriating money for an interchange on marked
1.3U.S. Highway 14; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. TRUNK HIGHWAY BONDS; APPROPRIATION AND BOND SALE
1.6AUTHORIZATION.
1.7 Subdivision 1. Appropriation. $36,000,000 is appropriated from the bond proceeds
1.8account in the trunk highway fund to the commissioner of transportation for construction
1.9of an interchange at the confluence of marked U.S. Highway 14, marked Trunk Highway
1.1015, and Nicollet County State Aid Highway 21, east of New Ulm.
1.11 Subd. 2. Bond sale. To provide the money appropriated in subdivision 1 from the
1.12bond proceeds account in the trunk highway fund, the commissioner of management
1.13and budget shall sell and issue bonds of the state in an amount up to $36,000,000 in the
1.14manner, upon the terms, and with the effect prescribed by Minnesota Statutes, sections
1.15167.50 to 167.52, and by the Minnesota Constitution, article XIV, section 11, at the times
1.16and in the amounts requested by the commissioner of transportation. The proceeds of the
1.17bonds, except accrued interest and any premium received from the sale of the bonds, must
1.18be deposited in the bond proceeds account in the trunk highway fund.
1.19EFFECTIVE DATE.This section is effective the day following final enactment.
1.3U.S. Highway 14; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. TRUNK HIGHWAY BONDS; APPROPRIATION AND BOND SALE
1.6AUTHORIZATION.
1.7 Subdivision 1. Appropriation. $36,000,000 is appropriated from the bond proceeds
1.8account in the trunk highway fund to the commissioner of transportation for construction
1.9of an interchange at the confluence of marked U.S. Highway 14, marked Trunk Highway
1.1015, and Nicollet County State Aid Highway 21, east of New Ulm.
1.11 Subd. 2. Bond sale. To provide the money appropriated in subdivision 1 from the
1.12bond proceeds account in the trunk highway fund, the commissioner of management
1.13and budget shall sell and issue bonds of the state in an amount up to $36,000,000 in the
1.14manner, upon the terms, and with the effect prescribed by Minnesota Statutes, sections
1.15167.50 to 167.52, and by the Minnesota Constitution, article XIV, section 11, at the times
1.16and in the amounts requested by the commissioner of transportation. The proceeds of the
1.17bonds, except accrued interest and any premium received from the sale of the bonds, must
1.18be deposited in the bond proceeds account in the trunk highway fund.
1.19EFFECTIVE DATE.This section is effective the day following final enactment.
