SF 1490

Introduction - 94th Legislature (2025 - 2026)

Posted on 02/18/2025 09:41 a.m.

A bill for an act
relating to transportation; appropriating money for an interchange project at marked
Trunk Highway 610 and East River Road in the city of Coon Rapids; authorizing
the sale and issuance of state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin COON RAPIDS; TRUNK HIGHWAY 610 INTERCHANGE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,000,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for final design,
right-of-way acquisition, construction, and associated improvements for the interchange at
marked Trunk Highway 610 and Anoka County State-Aid Highway 1 (East River Road) in
the city of Coon Rapids. This appropriation is for the portion of the project that is eligible
for use of proceeds of trunk highway bonds. This appropriation is in addition to the
appropriations for the same project in Laws 2023, chapter 68, article 1, section 17, subdivision
15, and Laws 2020, Fifth Special Session chapter 3, article 1, section 16, subdivision 3.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the bond
proceeds account in the trunk highway fund, the commissioner of management and budget
shall sell and issue bonds of the state in an amount up to $10,000,000 in the manner, upon
the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52,
and by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts
requested by the commissioner of transportation. The proceeds of the bonds, except accrued
interest and any premium received from the sale of the bonds, must be deposited in the bond
proceeds account in the trunk highway fund.
new text end