Trunk Highway 65 and Bunker Lake Boulevard Northeast interchange improvements bond issue and appropriation

A bill for an act

relating to capital investment; appropriating money for interchange improvements

at marked Trunk Highway 65 and Bunker Lake Boulevard Northeast in the city

of Ham Lake; 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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ANOKA COUNTY AND CITY OF HAM LAKE; MARKED TRUNK

HIGHWAY 65.
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Subdivision 1.

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Appropriation.

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$4,300,000 is appropriated from the bond proceeds fund

to the commissioner of transportation for preliminary engineering, environmental

documentation, final design, right-of-way acquisition, and construction of intersection

improvements along marked Trunk Highway 65 at Anoka County State-Aid Highway 116,

also known as Bunker Lake Boulevard Northeast, and associated frontage roads and backage

roads within the trunk highway system. This appropriation is for the portion of the project

that is eligible to be funded with the proceeds of general obligation bonds. This appropriation

does not require a nonstate contribution.

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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 fund, the commissioner of management and budget shall sell and issue bonds of

the state in an amount up to $4,300,000 in the manner, upon the terms, and with the effect

prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota

Constitution, article XI, sections 4 to 7.

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EFFECTIVE DATE.

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This section is effective the day following final enactment.

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