Bill Text: MN SF1413 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Trunk highways #55 and #29 interchange bond issue and appropriation
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2013-03-14 - Referred to Finance [SF1413 Detail]
Download: Minnesota-2013-SF1413-Introduced.html
1.2relating to transportation; capital investment; appropriating money for a trunk
1.3highway interchange; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. MARKED TRUNK HIGHWAY 29; APPROPRIATION AND BOND
1.6SALE AUTHORIZATION.
1.7 Subdivision 1. Appropriation. $10,000,000 is appropriated from the bond proceeds
1.8account in the trunk highway fund to the commissioner of transportation for construction
1.9of an interchange at marked Trunk Highway 55 and marked Trunk Highway 29 near
1.10Glenwood, including grade separation of the adjacent rail crossing of marked Trunk
1.11Highway 29.
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 $10,000,000 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.
1.3highway interchange; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. MARKED TRUNK HIGHWAY 29; APPROPRIATION AND BOND
1.6SALE AUTHORIZATION.
1.7 Subdivision 1. Appropriation. $10,000,000 is appropriated from the bond proceeds
1.8account in the trunk highway fund to the commissioner of transportation for construction
1.9of an interchange at marked Trunk Highway 55 and marked Trunk Highway 29 near
1.10Glenwood, including grade separation of the adjacent rail crossing of marked Trunk
1.11Highway 29.
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 $10,000,000 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.
