as introduced - 93rd Legislature (2023 - 2024) Posted on 02/23/2024 09:21am
A bill for an act
relating to transportation; appropriating money for a roundabout at the intersection
of marked Trunk Highway 19 and Armstrong Road in Northfield; authorizing the
sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$4,070,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation to design and
construct a roundabout on marked Trunk Highway 19 at the intersection with Armstrong
Road in the city of Northfield. This appropriation is for the portion of the project that is
eligible for use of proceeds of trunk highway bonds.
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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 $4,070,000 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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