as introduced - 89th Legislature (2015 - 2016) Posted on 03/18/2016 11:27am
A bill for an act
relating to transportation; capital investment; appropriating money for the
construction of Heatherwood Road in St. Cloud; authorizing the sale and
issuance of trunk highway bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$6,000,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for engineering,
right-of-way acquisition, and construction of an extension to Clearwater Road, to be
known as Heatherwood Road, in the city of St. Cloud.
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To provide the money appropriated in
subdivision 1 from the bond proceeds account in the trunk highway fund, the commissioner
of management and budget shall sell and issue bonds of the state in an amount up to
$6,000,000 in the manner, upon the terms, and with the effect prescribed by Minnesota
Statutes, sections 167.50 to 167.52, and by the Minnesota Constitution, article XIV, section
11, at the times and in the amounts requested by the commissioner of transportation. The
proceeds of the bonds, except accrued interest and any premium received from the sale of
the bonds, must be deposited in the bond proceeds account in the trunk highway fund.
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This section is effective the day following final enactment.
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