1.1 A bill for an act
1.2 relating to transportation; appropriating money for an interchange at Interstate
1.3 Highway 35 and Scott County State-Aid Highway 2; authorizing the sale and
1.4 issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. INTERSTATE HIGHWAY 35 INTERCHANGE IN SCOTT COUNTY;
1.7APPROPRIATION AND BOND SALE AUTHORIZATION.
1.8 Subdivision 1.Appropriation.$4,500,000 is appropriated from the bond proceeds
1.9account in the trunk highway fund to the commissioner of transportation for planning,
1.10design, environmental review, engineering, and right-of-way acquisition for reconstruction
1.11of the interchange at marked Interstate Highway 35 and Scott County State-Aid Highway
1.122.
1.13 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.14proceeds account in the trunk highway fund, the commissioner of management and budget
1.15shall sell and issue bonds of the state in an amount up to $4,500,000 in the manner, upon
1.16the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52,
1.17and by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts
1.18requested by the commissioner of transportation. The proceeds of the bonds, except accrued
1.19interest and any premium received from the sale of the bonds, must be deposited in the bond
1.20proceeds account in the trunk highway fund.
1.21 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
REVISOR KRB/CH 25-0385902/14/25
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 1694
NINETY-FOURTH SESSION