Bill Text: MN HF3163 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Trunk highway projects of regional significance funding provided, bonds issued, and money appropriated.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2014-03-17 - Introduction and first reading, referred to Transportation Finance [HF3163 Detail]
Download: Minnesota-2013-HF3163-Introduced.html
1.2relating to transportation; capital investments; appropriating money for certain
1.3trunk highway projects of regional significance; authorizing the sale and issuance
1.4of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. TRUNK HIGHWAY PROJECTS OF REGIONAL SIGNIFICANCE;
1.7APPROPRIATION AND BOND SALE AUTHORIZATION.
1.8 Subdivision 1. Appropriation. $20,000,000 is appropriated from the bond proceeds
1.9account in the trunk highway fund to the commissioner of transportation for a trunk
1.10highway project having regional significance located in Department of Transportation
1.11District 1.
1.12 Subd. 2. Bond sale. To provide the money appropriated in subdivision 1 from the
1.13bond proceeds account in the trunk highway fund, the commissioner of management
1.14and budget shall sell and issue bonds of the state in an amount up to $20,000,000 in the
1.15manner, upon the terms, and with the effect prescribed by Minnesota Statutes, sections
1.16167.50 to 167.52, and by the Minnesota Constitution, article XIV, section 11, at the times
1.17and in the amounts requested by the commissioner of transportation. The proceeds of the
1.18bonds, except accrued interest and any premium received from the sale of the bonds, must
1.19be deposited in the bond proceeds account in the trunk highway fund.
1.20EFFECTIVE DATE.This section is effective the day following final enactment.
1.3trunk highway projects of regional significance; authorizing the sale and issuance
1.4of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. TRUNK HIGHWAY PROJECTS OF REGIONAL SIGNIFICANCE;
1.7APPROPRIATION AND BOND SALE AUTHORIZATION.
1.8 Subdivision 1. Appropriation. $20,000,000 is appropriated from the bond proceeds
1.9account in the trunk highway fund to the commissioner of transportation for a trunk
1.10highway project having regional significance located in Department of Transportation
1.11District 1.
1.12 Subd. 2. Bond sale. To provide the money appropriated in subdivision 1 from the
1.13bond proceeds account in the trunk highway fund, the commissioner of management
1.14and budget shall sell and issue bonds of the state in an amount up to $20,000,000 in the
1.15manner, upon the terms, and with the effect prescribed by Minnesota Statutes, sections
1.16167.50 to 167.52, and by the Minnesota Constitution, article XIV, section 11, at the times
1.17and in the amounts requested by the commissioner of transportation. The proceeds of the
1.18bonds, except accrued interest and any premium received from the sale of the bonds, must
1.19be deposited in the bond proceeds account in the trunk highway fund.
1.20EFFECTIVE DATE.This section is effective the day following final enactment.
