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A bill for an act
relating to capital investment; appropriating money for infrastructure improvements
along marked Trunk Highway 95 in the city of Cambridge; 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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TRUNK HIGHWAY 95 INFRASTRUCTURE IMPROVEMENTS.
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$2,791,000 is appropriated from the bond proceeds account in the state transportation
fund to the commissioner of transportation for a grant to the city of Cambridge for
infrastructure improvements, including but not limited to traffic signals, street lighting,
storm sewers, retention ponds, sanitary sewers, and water mains, on and along the marked
Trunk Highway 95 reconstruction project in the city of Cambridge.
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Sec. 2.
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BOND SALE AUTHORIZATION.
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To provide the money appropriated in section 1 from the bond proceeds account, the
commissioner of management and budget shall sell and issue bonds of the state in an amount
up to $2,791,000 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, at the times and in the amounts requested by the commissioner of
transportation.
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Sec. 3.
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EFFECTIVE DATE.
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This act is effective the day following final enactment.
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