Bill Text: MN HF2903 | 2011-2012 | 87th Legislature | Introduced
Bill Title: St. Croix River bridge project city costs funding provided, bonds issued, and money appropriated.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2012-03-15 - Introduction and first reading, referred to Transportation Policy and Finance [HF2903 Detail]
Download: Minnesota-2011-HF2903-Introduced.html
1.2relating to transportation; appropriating money for city costs of St. Croix River
1.3bridge project; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. ST. CROIX RIVER CROSSING; APPROPRIATION AND BOND
1.6SALE AUTHORIZATION.
1.7 Subdivision 1. Appropriation. $1,000,000 is appropriated from the bond proceeds
1.8fund to the commissioner of transportation for a grant to the city of Oak Park Heights, for
1.9capital improvement costs incurred by the city as a result of the trunk highway system
1.10project to construct a new bridge over the St. Croix River.
1.11 Subd. 2. Bond sale. To provide the money appropriated in subdivision 1 from the
1.12bond proceeds fund, the commissioner of management and budget shall sell and issue
1.13bonds of the state in an amount up to $1,000,000 in the manner, upon the terms, and with
1.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.15Minnesota Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
1.3bridge project; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. ST. CROIX RIVER CROSSING; APPROPRIATION AND BOND
1.6SALE AUTHORIZATION.
1.7 Subdivision 1. Appropriation. $1,000,000 is appropriated from the bond proceeds
1.8fund to the commissioner of transportation for a grant to the city of Oak Park Heights, for
1.9capital improvement costs incurred by the city as a result of the trunk highway system
1.10project to construct a new bridge over the St. Croix River.
1.11 Subd. 2. Bond sale. To provide the money appropriated in subdivision 1 from the
1.12bond proceeds fund, the commissioner of management and budget shall sell and issue
1.13bonds of the state in an amount up to $1,000,000 in the manner, upon the terms, and with
1.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.15Minnesota Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
