MN SF484

Appropriates $250,000 from the bond proceeds account in the trunk highway fund to the commissioner of transportation for environmental impact statement and scoping work for a Trunk Highway 55 and County State-Aid Highway 63 interchange.

Authorizes the commissioner of finance to sell and issue state bonds up to $250,000 to provide funding for the appropriation, in accordance with Minnesota Statutes sections 167.50 to 167.52 and Minnesota Constitution article XIV, section 11.

Designates the interchange project to promote economic development, increase employment, relieve traffic congestion, and improve traffic safety.

Bond proceeds, excluding accrued interest and premiums, must be deposited in the bond proceeds account in the trunk highway fund.

Effective the day following final enactment.