SF 3576

Introduction - 94th Legislature (2025 - 2026)

Posted on 02/18/2026 10:21 a.m.

A bill for an act
relating to capital investment; appropriating money for a new interchange at marked
Trunk Highway 36 and Lake Elmo Avenue in Washington County; authorizing
the sale and issuance of state bonds.

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

Section 1. new text begin LAKE ELMO; INTERCHANGE AT TRUNK HIGHWAY 36 AND LAKE
ELMO AVENUE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,000,000 is appropriated from the bond proceeds
account in the state transportation fund, as provided in Minnesota Statutes, section 174.50,
to the commissioner of transportation for a grant to the city of Lake Elmo for property
acquisition and to predesign, design, construct, furnish, and equip a new interchange at
marked Trunk Highway 36 and Washington County State-Aid Highway 17, known as Lake
Elmo Avenue, in Washington County. This appropriation is for the city's share of the project
that is eligible to be funded with general obligation bonds.
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 state transportation fund, as provided in Minnesota Statutes, section
174.50, the commissioner of management and budget shall sell and issue bonds of the state
in an amount up to $5,000,000 in the manner, upon the terms, and with the effect prescribed
by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution,
article XI, sections 4 to 7.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end