| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to capital investment; appropriating money for an interchange at U.S. |
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| 3 | 3 | | 1.3 Highway 169 and Sherburne County State-Aid Highway 4 in the city of |
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| 4 | 4 | | 1.4 Zimmerman; authorizing the sale and issuance of state bonds. |
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| 5 | 5 | | 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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| 6 | 6 | | 1.6 Section 1. SHERBURNE COUNTY; ZIMMERMAN INTERCHANGE. |
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| 7 | 7 | | 1.7 Subdivision 1.Appropriations.(a) $14,800,000 is appropriated from the bond proceeds |
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| 8 | 8 | | 1.8fund to the commissioner of transportation for a grant to Sherburne County for property |
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| 9 | 9 | | 1.9acquisition, engineering, and construction for the local road portions of an interchange at |
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| 10 | 10 | | 1.10marked U.S. Highway 169 and Sherburne County State-Aid Highway 4 in the city of |
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| 11 | 11 | | 1.11Zimmerman. This grant is available after the commissioner of management and budget |
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| 12 | 12 | | 1.12determines that an amount sufficient to complete the project has been committed to the |
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| 13 | 13 | | 1.13project, as required by Minnesota Statutes, section 16A.502. |
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| 14 | 14 | | 1.14 (b) $34,900,000 is appropriated from the bond proceeds account in the trunk highway |
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| 15 | 15 | | 1.15fund to the commissioner of transportation for property acquisition, engineering, and |
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| 16 | 16 | | 1.16construction of the trunk highway portions of an interchange at marked U.S. Highway 169 |
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| 17 | 17 | | 1.17and Sherburne County State-Aid Highway 4 in the city of Zimmerman. |
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| 18 | 18 | | 1.18 Subd. 2.Bond sales.(a) To provide the money appropriated in this section from the |
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| 19 | 19 | | 1.19bond proceeds fund, the commissioner of management and budget shall sell and issue bonds |
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| 20 | 20 | | 1.20of the state in any amount up to $14,800,000 in the manner, upon the terms, and with the |
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| 21 | 21 | | 1.21effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota |
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| 22 | 22 | | 1.22Constitution, article XI, sections 4 to 7. |
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| 23 | 23 | | 1Section 1. |
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| 24 | 24 | | REVISOR JSK/AK 23-0179101/06/23 |
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| 25 | 25 | | State of Minnesota |
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| 26 | 26 | | This Document can be made available |
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| 27 | 27 | | in alternative formats upon request |
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| 28 | 28 | | HOUSE OF REPRESENTATIVES |
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| 29 | 29 | | H. F. No. 436 |
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| 30 | 30 | | NINETY-THIRD SESSION 2.1 (b) To provide the money appropriated in this section from the bond proceeds account |
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| 31 | 31 | | 2.2in the trunk highway fund, the commissioner of management and budget shall sell and issue |
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| 32 | 32 | | 2.3bonds of the state in an amount up to $34,900,000 in the manner, upon the terms, and with |
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| 33 | 33 | | 2.4the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52, and by the Minnesota |
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| 34 | 34 | | 2.5Constitution, article XIV, section 11, at the times and in the amounts requested by the |
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| 35 | 35 | | 2.6commissioner of transportation. The proceeds of the bonds, except accrued interest and any |
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| 36 | 36 | | 2.7premium received from the sale of the bonds, must be deposited in the bond proceeds account |
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| 37 | 37 | | 2.8in the trunk highway fund. |
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| 38 | 38 | | 2.9 EFFECTIVE DATE.This section is effective the day following final enactment. |
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| 39 | 39 | | 2Section 1. |
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| 40 | 40 | | REVISOR JSK/AK 23-0179101/06/23 |
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