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A bill for an act
relating to transportation; appropriating money for an interchange project at marked
Trunk Highway 10/Trunk Highway 61 and 70th Street in the city of St. Paul Park;
authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
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ST. PAUL PARK; 70TH STREET INTERCHANGE.
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Subdivision 1.
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Appropriation.
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$....... is appropriated from the bond proceeds account
in the trunk highway fund to the commissioner of transportation for preliminary design and
final design of an interchange at marked Trunk Highway 10/Trunk Highway 61 and
Washington County State-Aid Highway 22 (70th Street) in the city of St. Paul Park.
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Subd. 2.
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Bond sale.
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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 $....... 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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EFFECTIVE DATE.
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This section is effective the day following final enactment.
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