Bill Text: MN HF2004 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Luverne; Trunk Highway 75 bonds issued, and money appropriated.
Sponsorship: Partisan Bill (Republican 3)
Status: (Introduced - Dead) 2012-01-30 - Introduction and first reading, referred to Transportation Policy and Finance [HF2004 Detail]
Download: Minnesota-2011-HF2004-Introduced.html
1.2relating to highways; authorizing issuance of trunk highway bonds; appropriating
1.3money for marked Trunk Highway 75 in Luverne.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. HIGHWAY APPROPRIATION AND BOND SALE.
1.6 Subdivision 1. Appropriation. $1,688,000 is appropriated from the bond proceeds
1.7account in the trunk highway fund to the commissioner of transportation for a grant to
1.8the city of Luverne for surfacing improvements on marked Trunk Highway 75 in the
1.9city of Luverne.
1.10 Subd. 2. Bond sale. To provide the money appropriated in subdivision 1 from the
1.11bond proceeds account in the trunk highway fund, the commissioner of management and
1.12budget shall sell and issue bonds of the state in an amount up to $1,688,000 in the manner,
1.13upon the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to
1.14167.52, and by the Minnesota Constitution, article XIV, section 11, at the times and in the
1.15amounts requested by the commissioner of transportation. The proceeds of the bonds,
1.16except accrued interest and any premium received from the sale of the bonds, must be
1.17deposited in the bond proceeds account in the trunk highway fund.
1.18EFFECTIVE DATE.This section is effective the day following final enactment.
1.3money for marked Trunk Highway 75 in Luverne.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. HIGHWAY APPROPRIATION AND BOND SALE.
1.6 Subdivision 1. Appropriation. $1,688,000 is appropriated from the bond proceeds
1.7account in the trunk highway fund to the commissioner of transportation for a grant to
1.8the city of Luverne for surfacing improvements on marked Trunk Highway 75 in the
1.9city of Luverne.
1.10 Subd. 2. Bond sale. To provide the money appropriated in subdivision 1 from the
1.11bond proceeds account in the trunk highway fund, the commissioner of management and
1.12budget shall sell and issue bonds of the state in an amount up to $1,688,000 in the manner,
1.13upon the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to
1.14167.52, and by the Minnesota Constitution, article XIV, section 11, at the times and in the
1.15amounts requested by the commissioner of transportation. The proceeds of the bonds,
1.16except accrued interest and any premium received from the sale of the bonds, must be
1.17deposited in the bond proceeds account in the trunk highway fund.
1.18EFFECTIVE DATE.This section is effective the day following final enactment.
