HF 50

as introduced - 94th Legislature (2025 - 2026) Posted on 02/17/2025 04:07pm

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:

Section 1. new text begin MARKED INTERSTATE HIGHWAY 35 BRIDGES AND
INTERCHANGES AT DAKOTA COUNTY STATE-AID HIGHWAY 50.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $40,800,000 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, and two bridges over 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.
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 $40,800,000 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

new text begin EFFECTIVE DATE. new text end

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