1.1 	A bill for an act
1.2 	relating to transportation; authorizing sale and issuance of general obligation 
1.3 	bonds for local roads and bridges.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. APPROPRIATION AND BOND SALE AUTHORIZATION; LOCAL 
1.6 	ROAD IMPROVEMENT PROGRAM.
 1.7 		Subdivision 1.Appropriation. (a) $15,000,000 is appropriated from the bond 
1.8 	proceeds account in the state transportation fund as provided in Minnesota Statutes, 
1.9 	section 174.50, to the commissioner of transportation, for construction or reconstruction 
1.10 	of local roads with statewide or regional significance under Minnesota Statutes, section 
1.11 	174.52, subdivision 4.
1.12 	(b) Of the amount specified in paragraph (a), $850,000 is for reconstruction of 
1.13 	Mahnomen County Road 145 in the city of Mahnomen.
1.14 		Subd. 2.Bond sale authorization. To provide the money appropriated in 
1.15 	subdivision 1 from the bond proceeds account in the state transportation fund, the 
1.16 	commissioner of management and budget shall sell and issue bonds of the state in an 
1.17 	amount up to $15,000,000 in the manner, upon the terms, and with the effect prescribed  by 
1.18 	Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, 
1.19 	article XI, sections 4 to 7. The proceeds of the bonds, except accrued interest and any 
1.20 	premium received on the sale of the bonds, must be credited to a bond proceeds account 
1.21 	in the state transportation fund.

1.22 	EFFECTIVE DATE. This section is effective the day following final enactment.