Read the full stored bill text
A bill for an act
relating to transportation; appropriating money for safety improvements to marked
Trunk Highway 41 in the city of Chanhassen; authorizing the sale and issuance of
state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
new text begin
CHANHASSEN; MARKED TRUNK HIGHWAY 41.
new text end
new text begin
Subdivision 1.
new text end
new text begin
Appropriation.
new text end
new text begin
$3,500,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for predesign;
design; engineering; environmental analysis and mitigation; land acquisition, including
easements; and construction of safety improvements, including roundabouts, on marked
Trunk Highway 41 from marked Trunk Highway 7 to marked Trunk Highway 5 in the city
of Chanhassen. This appropriation is available for a grant to the city of Chanhassen.
new text end
new text begin
Subd. 2.
new text end
new text begin
Bond sale.
new text end
new text begin
To provide the money appropriated in this section 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 $3,500,000 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.
new text end
new text begin
EFFECTIVE DATE.
new text end
new text begin
This section is effective the day following final enactment.
new text end