Bill Text: MN HF2329 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Marked Trunk Highway 73 realignment funding provided, bonds issued, and money appropriated.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Introduced - Dead) 2014-02-25 - Introduction and first reading, referred to Transportation Finance [HF2329 Detail]
Download: Minnesota-2013-HF2329-Introduced.html
1.2relating to transportation; capital investment; appropriating money for marked
1.3Trunk Highway 73 realignment; 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. $11,850,000 is appropriated from the bond proceeds
1.8account in the trunk highway fund to the commissioner of transportation for engineering,
1.9right-of-way acquisition, and construction to realign portions of Route No. 163, marked as
1.10Trunk Highway 73 on the effective date of this section, south of the city of Cromwell.
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 $11,850,000 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.
1.3Trunk Highway 73 realignment; 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. $11,850,000 is appropriated from the bond proceeds
1.8account in the trunk highway fund to the commissioner of transportation for engineering,
1.9right-of-way acquisition, and construction to realign portions of Route No. 163, marked as
1.10Trunk Highway 73 on the effective date of this section, south of the city of Cromwell.
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 $11,850,000 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.
