1.1 	A bill for an act
1.2 	relating to highways; appropriating money and
1.3 	authorizing issuance of trunk highway bonds for an
1.4 	interchange at I-35 and County State-Aid Highway 50.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. DAKOTA COUNTY HIGHWAY INTERCHANGE;
1.7 	APPROPRIATION.
 1.8 	$5,000,000 is appropriated from the bond proceeds account
1.9 	in the trunk highway fund to the commissioner of transportation
1.10 	for construction and right-of-way for an interchange improvement
1.11 	at marked Interstate Highway 35 and County State-Aid Highway 50
1.12 	in the city of Lakeville in Dakota County.

1.13 	Sec. 2. BOND SALE.
 1.14 	To provide the money appropriated in this act from the
1.15 	trunk highway fund, the commissioner of finance shall sell and
1.16 	issue bonds of the state in an amount up to $5,000,000 in the
1.17 	manner, upon the terms, and with the effect prescribed in
1.18 	Minnesota Statutes, sections 167.50 and 167.51, and by the
1.19 	Minnesota Constitution, article XIV, section 11.  The proceeds
1.20 	of the bonds, except accrued interest and any premium received
1.21 	on the sales of the bonds, must be credited to a bond proceeds
1.22 	account in the trunk highway fund.

1.23 	Sec. 3. EFFECTIVE DATE.
 1.24 	This act is effective the day following final enactment.