1.1 	A bill for an act
1.2 	relating to highways; authorizing issuance of trunk
1.3 	highway bonds for improvements to highway 60 in
1.4 	Faribault; appropriating money.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. APPROPRIATION; HIGHWAY 60 PROJECT.
 1.7 	$15,000,000 is appropriated from the bond proceeds account
1.8 	in the trunk highway fund to the commissioner of transportation
1.9 	for improvements to marked Trunk Highway 60 in Faribault, from
1.10 	the Viaduct Bridge to the Iowa, Chicago, and Eastern Railroad
1.11 	crossing, including reconstruction of the Viaduct Bridge.

1.12 	Sec. 2. BOND SALE AUTHORIZATION.
 1.13 	To provide the money appropriated in section 1 from the
1.14 	bond proceeds account in the trunk highway fund, the
1.15 	commissioner of finance shall sell and issue bonds of the state
1.16 	in an amount up to $15,000,000 in the manner, upon the terms,
1.17 	and with the effect prescribed by Minnesota Statutes, sections
1.18 	167.50 to 167.52, and by the Minnesota Constitution, article
1.19 	XIV, section 11, at the times and in the amounts requested by
1.20 	the commissioner of transportation.  The proceeds of the bonds,
1.21 	except accrued interest and any premium received on the sale of
1.22 	the bonds, must be credited to the bond proceeds account in the
1.23 	trunk highway fund.