1.1 A bill for an act
1.2 relating to capital investment; appropriating money for improvements to 15th
1.3 Avenue NE in the city of Stewartville; authorizing the sale and issuance of state
1.4 bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. 15TH AVENUE NE IMPROVEMENTS; THE CITY OF
1.7STEWARTVILLE.
1.8 Subdivision 1.Appropriation.$3,200,000 is appropriated from the bond proceeds fund
1.9to the commissioner of transportation for a grant to the city of Stewartville for construction
1.10of an approximately one mile section of 15th Avenue NE within the High Forest Township
1.11limits, that is adjacent to and borders the city of Stewartville. This appropriation may be
1.12used to improve and pave the roadway and to address drainage issues at the intersection
1.13with 6th Street NE, including replacing culverts and storm sewers.
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 $3,200,000 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.
25-02292 as introduced01/15/25 REVISOR JSK/EN
SENATE
STATE OF MINNESOTA
S.F. No. 939NINETY-FOURTH SESSION
(SENATE AUTHORS: NELSON)
OFFICIAL STATUSD-PGDATE
Introduction and first reading02/03/2025
Referred to Capital Investment