1.1 A bill for an act
1.2 relating to transportation; 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.
25-00600 as introduced11/21/24 REVISOR KRB/BM
SENATE
STATE OF MINNESOTA
S.F. No. 724NINETY-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.
2.4 Sec. 2. U.S. HIGHWAY 14 INTERSECTION IMPROVEMENTS; APPROPRIATION
2.5AND TRUNK HIGHWAY BOND SALE AUTHORIZATION.
2.6 Subdivision 1.Appropriation; trunk highway bond proceeds.$2,400,000 is
2.7appropriated from the bond proceeds account in the trunk highway fund to the commissioner
2.8of transportation for trunk highway bond eligible portions of a project to conduct
2.9environmental analysis, predesign, and final design of a project to replace at-grade
2.10intersections and traffic signals with grade-separated interchanges along marked U.S.
2.11Highway 14, including but not limited to intersections with Olmsted County State-Aid
2.12Highway 3 and Olmsted County State-Aid Highway 5, in the city of Byron. Any amount
2.13remaining after substantial completion of environmental analysis, predesign, design, and
2.14engineering work may be applied to the state's share to acquire right-of-way for, and to
2.15construct, furnish, and equip these interchanges and associated infrastructure and road work
2.16to accommodate these interchanges.
2.17 Subd. 2.Bond sale.To provide the money appropriated in subdivision 2 from the bond
2.18proceeds account in the trunk highway fund, the commissioner of management and budget
2.19shall sell and issue bonds of the state in an amount up to $2,400,000 in the manner, upon
2.20the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52,
2.21and by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts
2.22requested by the commissioner of transportation. The proceeds of the bonds, except accrued
2.23interest and any premium received from the sale of the bonds, must be deposited in the bond
2.24proceeds account in the trunk highway fund.
2Sec. 2.
25-00600 as introduced11/21/24 REVISOR KRB/BM