Bill Text: MN SF2849 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Anoka county U.S highway #10 right-of-way acquisition for ten expansion (R.A.T.E.) bond issue and appropriation
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-03-21 - Referred to Finance [SF2849 Detail]
Download: Minnesota-2013-SF2849-Introduced.html
1.2relating to transportation; capital investment; appropriating money for the
1.3R.A.T.E. project in Anoka County; authorizing the sale and issuance of state
1.4bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. TRUNK HIGHWAY BONDS; R.A.T.E. PROJECT, PHASE 1.
1.7 Subdivision 1. Appropriation. $35,000,000 is appropriated from the bond proceeds
1.8account in the trunk highway fund to the commissioner of transportation for a grant to
1.9Anoka County for phase 1 of the Right-of-Way Acquisition for Ten Expansion (R.A.T.E.)
1.10project that acquires property and rights-of-way for the expansion of U.S. Highway 10
1.11in Anoka County.
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 $35,000,000 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.
1.3R.A.T.E. project in Anoka County; authorizing the sale and issuance of state
1.4bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. TRUNK HIGHWAY BONDS; R.A.T.E. PROJECT, PHASE 1.
1.7 Subdivision 1. Appropriation. $35,000,000 is appropriated from the bond proceeds
1.8account in the trunk highway fund to the commissioner of transportation for a grant to
1.9Anoka County for phase 1 of the Right-of-Way Acquisition for Ten Expansion (R.A.T.E.)
1.10project that acquires property and rights-of-way for the expansion of U.S. Highway 10
1.11in Anoka County.
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 $35,000,000 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.
