Plain English Breakdown
The official source material does not provide specific details on how the funds will be used by the city of Lake Elmo beyond property acquisition and predesign through equipment.
Funding for New Interchange in Washington County
The bill provides funding and authorizes bond sales to build a new interchange at Trunk Highway 36 and Lake Elmo Avenue in Washington County.
What This Bill Does
- Appropriates $5,000,000 from the state transportation fund for building a new interchange.
- Authorizes the sale of up to $5,000,000 in bonds to cover the cost of the project.
Who It Names or Affects
- The city of Lake Elmo
- Residents and drivers using Trunk Highway 36 and Lake Elmo Avenue
Terms To Know
- General obligation bonds
- Bonds that are backed by the full faith and credit of a government, such as the state of Minnesota.
- State transportation fund
- A fund used to pay for road construction and maintenance projects in the state.
Limits and Unknowns
- The bill does not specify when the interchange will be built.
- It is unclear how much of the total project cost this funding covers.