Minnesota 2025-2026 Regular Session

Minnesota Senate Bill SF1265 Latest Draft

Bill / Introduced Version Filed 02/10/2025

                            1.1	A bill for an act​
1.2 relating to capital investment; appropriating money for reconstruction of the​
1.3 interchange at Interstate 35 and County State-Aid Highway 50 in Dakota County;​
1.4 authorizing the sale and issuance of state bonds.​
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.6 Section 1. DAKOTA COUNTY; INTERSTATE 35 INTERCHANGE PROJECT.​
1.7 Subdivision 1.Appropriation.$10,800,000 is appropriated from the bond proceeds​
1.8fund to the commissioner of transportation for a grant to Dakota County, the city of Lakeville,​
1.9or both, to reconstruct County State-Aid Highway 50 from Kenrick Avenue to Klamath​
1.10Trail as part of the Interstate 35 interchange project to address corridor mobility and safety​
1.11improvements. The appropriation may be used for preliminary and final design and to​
1.12engineer, acquire right-of-way and temporary and permanent easements, inspect, construct,​
1.13and reconstruct County State-Aid Highway 50 and other roads, including 175th Street, and​
1.14Kenrick Avenue, multipurpose pedestrian and bicycle facilities, public utility relocation,​
1.15and stormwater management. This appropriation is for the portion of the project that is​
1.16eligible for use of proceeds of general obligation bonds.​
1.17 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond​
1.18proceeds fund, the commissioner of management and budget shall sell and issue bonds of​
1.19the state in an amount up to $10,800,000 in the manner, upon the terms, and with the effect​
1.20prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota​
1.21Constitution, article XI, sections 4 to 7.​
1.22 EFFECTIVE DATE.This section is effective the day following final enactment.​
1​Section 1.​
25-01921 as introduced​01/22/25 REVISOR JSK/BM​
SENATE​
STATE OF MINNESOTA​
S.F. No. 1265​NINETY-FOURTH SESSION​
(SENATE AUTHORS: DUCKWORTH, Jasinski, Pratt, Lieske and Port)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​02/13/2025​
Referred to Transportation​