| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to transportation; appropriating money for reconstruction of Trunk Highway |
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| 3 | 3 | | 1.3 75 from the city of Luverne to the city of Pipestone; authorizing the sale and |
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| 4 | 4 | | 1.4 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. TRUNK HIGHWAY 75; APPROPRIATION AND BOND SALE |
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| 7 | 7 | | 1.7AUTHORIZATION. |
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| 8 | 8 | | 1.8 Subdivision 1.Appropriation.$....... is appropriated from the bond proceeds account |
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| 9 | 9 | | 1.9in the trunk highway fund to the commissioner of transportation for preliminary design, |
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| 10 | 10 | | 1.10final design, engineering, construction, and reconstruction of Trunk Highway 75 from the |
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| 11 | 11 | | 1.11city of Luverne to the city of Pipestone. |
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| 12 | 12 | | 1.12 Subd. 2.Bond sale.To provide the money appropriated in subdivision 1 from the bond |
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| 13 | 13 | | 1.13proceeds account in the trunk highway fund, the commissioner of management and budget |
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| 14 | 14 | | 1.14shall sell and issue bonds of the state in an amount up to $....... in the manner, upon the |
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| 15 | 15 | | 1.15terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52, and |
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| 16 | 16 | | 1.16by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts |
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| 17 | 17 | | 1.17requested by the commissioner of transportation. The proceeds of the bonds, except accrued |
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| 18 | 18 | | 1.18interest and any premium received from the sale of the bonds, must be deposited in the bond |
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| 19 | 19 | | 1.19proceeds account in the trunk highway fund. |
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| 20 | 20 | | 1.20 EFFECTIVE DATE.This section is effective the day following final enactment. |
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| 21 | 21 | | 1Section 1. |
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| 22 | 22 | | REVISOR JSK/AD 25-0347902/07/25 |
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| 23 | 23 | | State of Minnesota |
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| 24 | 24 | | This Document can be made available |
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| 25 | 25 | | in alternative formats upon request |
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| 26 | 26 | | HOUSE OF REPRESENTATIVES |
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| 27 | 27 | | H. F. No. 876 |
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| 28 | 28 | | NINETY-FOURTH SESSION |
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| 29 | 29 | | Authored by Schomacker02/17/2025 |
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| 30 | 30 | | The bill was read for the first time and referred to the Committee on Transportation Finance and Policy |
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