as introduced - 93rd Legislature (2023 - 2024) Posted on 03/11/2024 02:16pm
A bill for an act
relating to transportation; appropriating money for a bridge interchange project
on marked Interstate Highway 35 in the city of Lakeville; authorizing the sale and
issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$25,000,000 is appropriated from the bond proceeds
account in the trunk highway fund to the commissioner of transportation for environmental
analysis, predesign, design, engineering, acquisition of right-of-way and temporary and
permanent easements, and construction of bridges and interchanges on marked Interstate
Highway 35 at Dakota County State-Aid Highway 50 (CSAH 50) in the city of Lakeville,
including associated entrance and exit ramps, two bridges over CSAH 50, and two bridges
over the railroad south of CSAH 50. This appropriation is for the portion of the project that
is eligible for use of proceeds of trunk highway bonds within the Department of
Transportation right-of-way.
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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 $25,000,000 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.
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This section is effective the day following final enactment.
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