Bill Text: MN SF2280 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Baxter Isle drive extension and county state-aid highway #48 intersection improvements grant bond issue and appropriation
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-03-04 - Referred to Finance [SF2280 Detail]
Download: Minnesota-2013-SF2280-Introduced.html
1.2relating to capital investment; appropriating money for the city of Baxter's Isle
1.3Drive extension and County State-Aid Highway 48 intersection improvements;
1.4authorizing the sale and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. BAXTER ISLE DRIVE EXTENSION, CSAH 48 INTERSECTION.
1.7 Subdivision 1. Appropriation. $2,500,000 is appropriated from the bond proceeds
1.8fund to the commissioner of transportation for a grant to the city of Baxter to acquire land
1.9or interests in land, and to design, engineer, and construct an extension to Isle Drive
1.10and a roundabout at the new intersection of Isle Drive and County State-Aid Highway
1.1148. This appropriation is not available until the commissioner of management and budget
1.12determines that at least an equal amount is committed to the project from nonstate sources.
1.13 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.14bond proceeds fund, the commissioner of management and budget shall sell and issue
1.15bonds of the state in an amount up to $2,500,000 in the manner, upon the terms, and with
1.16the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.17Minnesota Constitution, article XI, sections 4 to 7.
1.18EFFECTIVE DATE.This section is effective the day following final enactment.
1.3Drive extension and County State-Aid Highway 48 intersection improvements;
1.4authorizing the sale and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. BAXTER ISLE DRIVE EXTENSION, CSAH 48 INTERSECTION.
1.7 Subdivision 1. Appropriation. $2,500,000 is appropriated from the bond proceeds
1.8fund to the commissioner of transportation for a grant to the city of Baxter to acquire land
1.9or interests in land, and to design, engineer, and construct an extension to Isle Drive
1.10and a roundabout at the new intersection of Isle Drive and County State-Aid Highway
1.1148. This appropriation is not available until the commissioner of management and budget
1.12determines that at least an equal amount is committed to the project from nonstate sources.
1.13 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.14bond proceeds fund, the commissioner of management and budget shall sell and issue
1.15bonds of the state in an amount up to $2,500,000 in the manner, upon the terms, and with
1.16the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.17Minnesota Constitution, article XI, sections 4 to 7.
1.18EFFECTIVE DATE.This section is effective the day following final enactment.
