1.1 A bill for an act
1.2 relating to capital investment; appropriating money for intersection improvements
1.3 along marked U.S. Highway 14 in the city of Byron; 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. U.S. HIGHWAY 14 INTERSECTION IMPROVEMENTS;
1.7APPROPRIATION AND GENERAL OBLIGATION BOND SALE
1.8AUTHORIZATION.
1.9 Subdivision 1.Appropriation; general obligation bond proceeds.$5,600,000 is
1.10appropriated from the bond proceeds account in the state transportation fund to the
1.11commissioner of transportation for one or more grants to the city of Byron, Olmsted County,
1.12or both for the county and city share of general obligation bond eligible portions of a project
1.13to conduct environmental analysis, predesign, and final design of a project to replace at-grade
1.14intersections and traffic signals with grade-separated interchanges along marked U.S.
1.15Highway 14, including but not limited to intersections with Olmsted County State-Aid
1.16Highway 3 and Olmsted County State-Aid Highway 5, in the city of Byron. Any amount
1.17remaining after substantial completion of environmental analysis, predesign, design, and
1.18engineering work may be applied to the city and county's share to acquire right-of-way for,
1.19and to construct, furnish, and equip these interchanges and associated infrastructure and
1.20road work to accommodate these interchanges.
1.21 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.22proceeds account, the commissioner of management and budget shall sell and issue bonds
1.23of the state in an amount up to $5,600,000 in the manner, upon the terms, and with the effect
1Section 1.
25-00599 as introduced11/21/24 REVISOR KRB/BM
SENATE
STATE OF MINNESOTA
S.F. No. 723NINETY-FOURTH SESSION
(SENATE AUTHORS: NELSON, Boldon, Jasinski, Housley and Frentz)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/27/2025
Referred to Capital Investment 2.1prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
2.2Constitution, article XI, sections 4 to 7, at the times and in the amounts requested by the
2.3commissioner of transportation.
2Section 1.
25-00599 as introduced11/21/24 REVISOR KRB/BM