Minnesota SF 2183: Greenfield Road improvements bond issue and appropriation

Bill Text

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.​
1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. GREENFIELD; GREENFIELD ROAD IMPROVEMENTS.​
1.6 Subdivision 1.Appropriation.$5,389,000 is appropriated from the bond proceeds​
1.7 account in the state transportation fund under Minnesota Statutes, section 174.50, to the​
1.8 commissioner of transportation for a grant to the city of Greenfield to design, engineer,​
1.9 construct, and reconstruct Greenfield Road as a paved road from U.S. Highway 55 to County​
1.10 State-Aid Highway 10 (Woodland Trail), and for associated stormwater improvements.​
1.11 This appropriation does not require a nonstate contribution.​
1.12 Subd. 2.Bond sale.To provide the money appropriated in subdivision 1, from the bond​
1.13 proceeds account in the state transportation fund, the commissioner of management and​
1.14 budget shall sell and issue bonds of the state in an amount up to $5,389,000 in the manner,​
1.15 upon the terms, and with the effect prescribed by Minnesota Statutes, sections 16A.631 to​
1.16 16A.675, and by the Minnesota Constitution, article XI, sections 4 to 7. The proceeds of​
1.17 the bonds, except accrued interest and any premium received on the sale of the bonds, must​
1.18 be credited to the bond proceeds account in the state transportation fund.​
1.19 EFFECTIVE DATE.This section is effective the day following final enactment.​
1​Section 1.​
23-03647 as introduced​02/10/23 REVISOR JSK/AD​
SENATE​
STATE OF MINNESOTA​
S.F. No. 2183​NINETY-THIRD SESSION​
(SENATE AUTHORS: LIMMER)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​1140​02/27/2023​
Referred to Capital Investment​
See HF669​