as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; authorizing issuance of state bonds;
appropriating money for road improvements in city of St. James.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$309,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of St. James to
reconstruct 15th Street as a heavy-duty commercial bituminous street.
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This appropriation is not available until the commissioner has determined that at
least an equal amount has been committed to the project from nonstate sources.
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To provide the money appropriated in subdivision 1 from the
bond proceeds fund, the commissioner of finance shall sell and issue bonds of the state in
an amount up to $309,000 in the manner, upon the terms, and with the effect prescribed by
Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution,
article XI, sections 4 to 7.
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Section 1 is effective the day following final enactment.
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