1.1 A bill for an act 1.2 relating to capital investment; appropriating money for the reconstruction of 1st 1.3 Street North and associated improvements in the city of Crosby; authorizing the 1.4 sale and issuance of state bonds. 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. CROSBY; 1ST STREET NORTH RECONSTRUCTION. 1.7 Subdivision 1.Appropriation.$1,797,000 is appropriated from the bond proceeds fund 1.8to the commissioner of transportation for a grant to the city of Crosby to predesign, design, 1.9construct, and reconstruct deteriorating infrastructure on 1st Street North between 3rd 1.10Avenue West and 3rd Avenue East in the city of Crosby. This appropriation includes 1.11improvements to 1st Street North and associated improvements to curb and gutter, sidewalks, 1.12storm sewer system infrastructure, and Americans with Disabilities Act (ADA) compliant 1.13improvements. 1.14 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond 1.15proceeds fund, the commissioner of management and budget shall sell and issue bonds of 1.16the state in an amount up to $1,797,000 in the manner, upon the terms, and with the effect 1.17prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 1.18Constitution, article XI, sections 4 to 7. 1.19 EFFECTIVE DATE.This section is effective the day following final enactment. 1Section 1. 25-02499 as introduced01/22/25 REVISOR JSK/AC SENATE STATE OF MINNESOTA S.F. No. 1223NINETY-FOURTH SESSION (SENATE AUTHORS: EICHORN) OFFICIAL STATUSD-PGDATE Introduction and first reading02/10/2025 Referred to Capital Investment