| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to transportation; appropriating money for intersection improvements |
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| 3 | 3 | | 1.3 along marked U.S. Highway 14 in the city of Byron; authorizing the sale and |
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| 4 | 4 | | 1.4 issuance of state bonds. |
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| 5 | 5 | | 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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| 6 | 6 | | 1.6 Section 1. U.S. HIGHWAY 14 INTERSECTION IMPROVEMENTS; |
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| 7 | 7 | | 1.7APPROPRIATION AND TRUNK HIGHWAY BOND SALE AUTHORIZATION. |
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| 8 | 8 | | 1.8 Subdivision 1.Appropriation; trunk highway bond proceeds.$2,400,000 is |
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| 9 | 9 | | 1.9appropriated from the bond proceeds account in the trunk highway fund to the commissioner |
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| 10 | 10 | | 1.10of transportation for trunk highway bond eligible portions of a project to conduct |
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| 11 | 11 | | 1.11environmental analysis, predesign, and final design of a project to replace at-grade |
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| 12 | 12 | | 1.12intersections and traffic signals with grade-separated interchanges along marked U.S. |
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| 13 | 13 | | 1.13Highway 14, including but not limited to intersections with Olmsted County State-Aid |
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| 14 | 14 | | 1.14Highway 3 and Olmsted County State-Aid Highway 5, in the city of Byron. Any amount |
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| 15 | 15 | | 1.15remaining after substantial completion of environmental analysis, predesign, design, and |
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| 16 | 16 | | 1.16engineering work may be applied to the state's share to acquire right-of-way for and to |
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| 17 | 17 | | 1.17construct, furnish, and equip these interchanges and associated infrastructure and road work |
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| 18 | 18 | | 1.18to accommodate these interchanges. |
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| 19 | 19 | | 1.19 Subd. 2.Bond sale.To provide the money appropriated in subdivision 1 from the bond |
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| 20 | 20 | | 1.20proceeds account in the trunk highway fund, the commissioner of management and budget |
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| 21 | 21 | | 1.21shall sell and issue bonds of the state in an amount up to $2,400,000 in the manner, upon |
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| 22 | 22 | | 1.22the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52, |
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| 23 | 23 | | 1.23and by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts |
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| 24 | 24 | | 1Section 1. |
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| 25 | 25 | | 25-00597 as introduced11/21/24 REVISOR KRB/VJ |
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| 26 | 26 | | SENATE |
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| 27 | 27 | | STATE OF MINNESOTA |
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| 28 | 28 | | S.F. No. 781NINETY-FOURTH SESSION |
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| 29 | 29 | | (SENATE AUTHORS: NELSON, Jasinski and Housley) |
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| 30 | 30 | | OFFICIAL STATUSD-PGDATE |
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| 31 | 31 | | Introduction and first reading01/30/2025 |
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| 32 | 32 | | Referred to Transportation 2.1requested by the commissioner of transportation. The proceeds of the bonds, except accrued |
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| 33 | 33 | | 2.2interest and any premium received from the sale of the bonds, must be deposited in the bond |
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| 34 | 34 | | 2.3proceeds account in the trunk highway fund. |
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| 35 | 35 | | 2Section 1. |
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| 36 | 36 | | 25-00597 as introduced11/21/24 REVISOR KRB/VJ |
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