Bill Text: MN HF1340 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Dayton; marked Interstate Highway 94 Interchange funding provided, bonds issued, and money appropriated.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-03-07 - Introduction and first reading, referred to Transportation Finance [HF1340 Detail]
Download: Minnesota-2013-HF1340-Introduced.html
1.2relating to transportation; capital investment; appropriating money for an
1.3interchange on marked Interstate Highway 94 in Dayton; authorizing the sale
1.4and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. TRUNK HIGHWAY BONDS; APPROPRIATION AND BOND SALE
1.7AUTHORIZATION.
1.8 Subdivision 1. Appropriation. $22,800,000 is appropriated from the bond
1.9proceeds account in the trunk highway fund to the commissioner of transportation for the
1.10I-94/Brockton Lane Interchange Project to construct an interchange and auxiliary lanes
1.11on marked Interstate Highway 94 east of the Hennepin County State-Aid Highway 101
1.12(Brockton Lane) overpass in the city of Dayton.
1.13 Subd. 2. Bond sale. To provide the money appropriated in subdivision 1 from the
1.14bond proceeds account in the trunk highway fund, the commissioner of management
1.15and budget shall sell and issue bonds of the state in an amount up to $22,800,000 in the
1.16manner, upon the terms, and with the effect prescribed by Minnesota Statutes, sections
1.17167.50 to 167.52, and by the Minnesota Constitution, article XIV, section 11, at the times
1.18and in the amounts requested by the commissioner of transportation. The proceeds of the
1.19bonds, except accrued interest and any premium received from the sale of the bonds, must
1.20be deposited in the bond proceeds account in the trunk highway fund.
1.21EFFECTIVE DATE.This section is effective the day following final enactment.
1.3interchange on marked Interstate Highway 94 in Dayton; authorizing the sale
1.4and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. TRUNK HIGHWAY BONDS; APPROPRIATION AND BOND SALE
1.7AUTHORIZATION.
1.8 Subdivision 1. Appropriation. $22,800,000 is appropriated from the bond
1.9proceeds account in the trunk highway fund to the commissioner of transportation for the
1.10I-94/Brockton Lane Interchange Project to construct an interchange and auxiliary lanes
1.11on marked Interstate Highway 94 east of the Hennepin County State-Aid Highway 101
1.12(Brockton Lane) overpass in the city of Dayton.
1.13 Subd. 2. Bond sale. To provide the money appropriated in subdivision 1 from the
1.14bond proceeds account in the trunk highway fund, the commissioner of management
1.15and budget shall sell and issue bonds of the state in an amount up to $22,800,000 in the
1.16manner, upon the terms, and with the effect prescribed by Minnesota Statutes, sections
1.17167.50 to 167.52, and by the Minnesota Constitution, article XIV, section 11, at the times
1.18and in the amounts requested by the commissioner of transportation. The proceeds of the
1.19bonds, except accrued interest and any premium received from the sale of the bonds, must
1.20be deposited in the bond proceeds account in the trunk highway fund.
1.21EFFECTIVE DATE.This section is effective the day following final enactment.
