Bill Text: MN HF2935 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Local road improvement funding provided, bonds issued, and money appropriated.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2012-03-19 - Introduction and first reading, referred to Transportation Policy and Finance [HF2935 Detail]
Download: Minnesota-2011-HF2935-Introduced.html
1.2relating to capital improvements; appropriating money for local road
1.3improvement; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. ROAD REPLACEMENT; MOE TOWNSHIP.
1.6 Subdivision 1. Appropriation. $80,000 is appropriated from the bond proceeds
1.7account in the state transportation fund to the commissioner of transportation as provided
1.8in Minnesota Statutes, section 174.50, for a grant to Moe Township for reconstructing
1.9the portion of East Moe Road that extends between County Road 8 and County Road 56
1.10in Moe Township.
1.11 Subd. 2. Bond sale. To provide the money appropriated in this section 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 $80,000 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.
1.3improvement; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. ROAD REPLACEMENT; MOE TOWNSHIP.
1.6 Subdivision 1. Appropriation. $80,000 is appropriated from the bond proceeds
1.7account in the state transportation fund to the commissioner of transportation as provided
1.8in Minnesota Statutes, section 174.50, for a grant to Moe Township for reconstructing
1.9the portion of East Moe Road that extends between County Road 8 and County Road 56
1.10in Moe Township.
1.11 Subd. 2. Bond sale. To provide the money appropriated in this section 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 $80,000 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.
