1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for an underpass on marked 
1.3 	Trunk Highway 65; authorizing the sale and issuance of trunk highway bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. MARKED TRUNK HIGHWAY 65 UNDERPASS; APPROPRIATION 
1.6 	AND TRUNK HIGHWAY BOND SALE AUTHORIZATION.
 1.7 		Subdivision 1.Appropriation. $65,000,000 is appropriated from the bond proceeds 
1.8 	account in the trunk highway fund to the commissioner of transportation for construction 
1.9 	of an underpass at the intersection of marked Trunk Highway 65 and Anoka County State-Aid 
1.10 	Highway 12, known as 109th Avenue Northeast, in the city of Blaine.
1.11 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from the bond 
1.12 	proceeds account in the trunk highway fund, the commissioner of management and budget 
1.13 	shall sell and issue bonds of the state in an amount up to $65,000,000 in the manner, upon 
1.14 	the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52, 
1.15 	and by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts 
1.16 	requested by the commissioner of transportation. The proceeds of the bonds, except accrued 
1.17 	interest and any premium received from the sale of the bonds, must be deposited in the bond 
1.18 	proceeds account in the trunk highway fund.

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