Bill Text: MN SF2005 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Richfield 77th street underpass bond issue and appropriation
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2014-02-27 - Referred to Finance [SF2005 Detail]
Download: Minnesota-2013-SF2005-Introduced.html
1.2relating to capital investment; appropriating money for the 77th Street underpass;
1.3authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. 77TH STREET UNDERPASS.
1.6 Subdivision 1. Appropriation. $25,000,000 is appropriated from the bond proceeds
1.7fund to the city of Richfield for design and construction of an extension of 77th Street
1.8under marked Trunk Highway 77/Cedar Avenue in the city of Richfield to provide local
1.9and regional access between Richfield, the Minneapolis/St. Paul International Airport,
1.10city of Bloomington, and the Mall of America.
1.11 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.12bond proceeds fund, the commissioner of management and budget shall sell and issue
1.13bonds of the state in an amount up to $25,000,000 in the manner, upon the terms, and with
1.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.15Minnesota Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
1.3authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. 77TH STREET UNDERPASS.
1.6 Subdivision 1. Appropriation. $25,000,000 is appropriated from the bond proceeds
1.7fund to the city of Richfield for design and construction of an extension of 77th Street
1.8under marked Trunk Highway 77/Cedar Avenue in the city of Richfield to provide local
1.9and regional access between Richfield, the Minneapolis/St. Paul International Airport,
1.10city of Bloomington, and the Mall of America.
1.11 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.12bond proceeds fund, the commissioner of management and budget shall sell and issue
1.13bonds of the state in an amount up to $25,000,000 in the manner, upon the terms, and with
1.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.15Minnesota Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
