1.1 	A bill for an act
1.2 	relating to highways; authorizing sale of trunk highway bonds for improvements 
1.3 	to marked Interstate Highway 494.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. MARKED INTERSTATE HIGHWAY 494; BONDS AUTHORIZED.
 1.6 		Subdivision 1.APPROPRIATION. $180,000,000, or so much of that amount as is 
1.7 	necessary to pay project costs not paid from federal highway aid, is appropriated from 
1.8 	the trunk highway fund to the commissioner of transportation for the reconstruction of 
1.9 	marked Interstate Highway 494 from its intersection with marked Interstate Highway 94 
1.10 	in Maple Grove to its intersection with marked Interstate Highway 394 in Minnetonka, by:
1.11 	(1) reconstructing the Fish Lake interchange at the intersection of marked Interstate 
1.12 	Highways 494 and 94 in Maple Grove;
1.13 	(2) adding a third lane in each direction between marked Interstate Highway 494 in 
1.14 	Maple Grove and marked Trunk Highway 55 in Plymouth; and
1.15 	(3) adding a fourth lane in each direction between marked Trunk Highway 55 in 
1.16 	Plymouth and marked Interstate Highway 394 in Minnetonka.
1.17 	This appropriation is available until spent.
1.18 		Subd. 2.BOND AUTHORIZATION. To provide the money appropriated in 
1.19 	subdivision 1 from the trunk highway fund, the commissioner of finance shall sell and 
1.20 	issue bonds of the state in an amount up to $180,000,000 in the manner, upon the terms, 
1.21 	and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52, and 
1.22 	by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts 
1.23 	requested by the commissioner of transportation. The proceeds of the bonds, except 
2.1 	accrued interest and any premium received on the sale of the bonds, must be credited to 
2.2 	the trunk highway fund. 

2.3 	Sec. 2. EFFECTIVE DATE.
 2.4 	Section 1 is effective the day following final enactment.