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02-28-05
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02-28-05
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<br />Draft <br /> <br />- <br /> <br />A bill for an act <br />Relating to capital improvements; authorizing the <br />issuance of state bonds; appropriating money for the <br />preparation and evaluation of engineering concepts and layouts for the <br />reconstruction and expansion ofI-35W between 1-694 and <br />1-35 in Anoka and Ramsey County. <br /> <br />BE IT ENACTED BY THE LEGIS LA TURE OF THE STATE OF MINNESOTA: <br /> <br />Section I. (APPROPRIA nON) <br />$500,000 is appropriated from the bond proceeds fund to the commissioner of transportation <br />for the development and evaluation of engineering concepts and lavouts for the reconstruction <br />ofI-35W from 1-694 in Ramsev County to 1-35 in Anoka COlmtv. This appropriation shan be <br />available for the conduct of all necessary planning and public involvement actions leading to <br />a scoping decision based on the preferred alternative. Plans for 1-35W shan identifv all <br />necessary improvements to appropriate segments ofTH 10,1-694 and related county and city <br />infrastructure. <br /> <br />Section 2. (BOND SALE) <br />To provide the money appropriated in section !from the bond proceeds account in the trunk . <br />highway fund, the commissioner of finance shall sell and issue bonds of the state in an <br />amount UP to $500,000 in the manner, upon the terms. and with the effect prescribed by <br />Minnesota Statutes, sections 167.50 to 167.52, and by the Mimlesota Constitution, article <br />XIV. section II at the times and in the amounts requested bv the commissioner of <br />transportation. The proceeds of the bonds. except accrued interest and any premium received <br />from the sale of the bonds, must be deposited in the bond proceeds account in the trunk <br />highway fund. <br /> <br />Section 3. (Effective Date) <br />Sections I and 2 are effective the day following final enactment <br /> <br />F:\Usersll-35W\2005 Legislation\I-35WFunds 2.07.05.doc <br />February 24, 2005 <br /> <br />. <br />
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