Stewartville; 15th Avenue NE improvements funding provided, bonds issued, and money appropriated.

A bill for an act

relating to capital investment; appropriating money for improvements to 15th

Avenue NE in the city of Stewartville; authorizing the sale and issuance of state

bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.
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15TH AVENUE NE IMPROVEMENTS; THE CITY OF

STEWARTVILLE.
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Subdivision 1.

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Appropriation.

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$3,200,000 is appropriated from the bond proceeds fund

to the commissioner of transportation for a grant to the city of Stewartville for construction

of an approximately one mile section of 15th Avenue NE within the High Forest Township

limits, that is adjacent to and borders the city of Stewartville. This appropriation may be

used to improve and pave the roadway and to address drainage issues at the intersection

with 6th Street NE, including replacing culverts and storm sewers.

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Subd. 2.

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Bond sale.

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To provide the money appropriated in this section from the bond

proceeds fund, the commissioner of management and budget shall sell and issue bonds of

the state in an amount up to $3,200,000 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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EFFECTIVE DATE.

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This section is effective the day following final enactment.

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