1.1 A bill for an act
1.2 relating to capital investment; appropriating money for improvements to Greenfield
1.3 Road in the city of Greenfield; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. GREENFIELD; GREENFIELD ROAD IMPROVEMENTS.
1.6 Subdivision 1.Appropriation.$1,392,000 is appropriated from the bond proceeds
1.7account in the state transportation fund under Minnesota Statutes, section 174.50, to the
1.8commissioner of transportation for a grant to the city of Greenfield to design, engineer,
1.9construct, and reconstruct Greenfield Road as a paved road from U.S. Highway 55 to County
1.10State-Aid Highway 10 (Woodland Trail), and for associated stormwater improvements.
1.11This appropriation is in addition to the appropriation in Laws 2023, chapter 72, article 2,
1.12section 7, subdivision 9, and does not require a nonstate contribution.
1.13 Subd. 2.Bond sale.To provide the money appropriated in subdivision 1, from the bond
1.14proceeds account in the state transportation fund, the commissioner of management and
1.15budget shall sell and issue bonds of the state in an amount up to $1,392,000 in the manner,
1.16upon the terms, and with the effect prescribed by Minnesota Statutes, sections 16A.631 to
1.1716A.675, and by the Minnesota Constitution, article XI, sections 4 to 7. The proceeds of
1.18the bonds, except accrued interest and any premium received on the sale of the bonds, must
1.19be credited to the bond proceeds account in the state transportation fund.
1.20 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
25-02165 as introduced01/13/25 REVISOR JSK/ES
SENATE
STATE OF MINNESOTA
S.F. No. 533NINETY-FOURTH SESSION
(SENATE AUTHORS: LIMMER)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/23/2025
Referred to Capital Investment