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MN HF1232
Bill
Status
3/4/2013
Primary Sponsor
Ann Lenczewski
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AI Summary
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Appropriates $80,000,000 from the bond proceeds account in the trunk highway fund to the commissioner of transportation for phase one of the I-35W/I-494 interchange turbine-design project in Bloomington.
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Funds cover design, environmental work, right-of-way acquisition, and construction of the interchange and associated bus rapid transit station.
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Authorizes the commissioner of management and budget to sell and issue state bonds up to $80,000,000 in accordance with Minnesota Statutes sections 167.50 to 167.52 and Minnesota Constitution article XIV, section 11.
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Bond proceeds (except accrued interest and premiums) must be deposited in the bond proceeds account in the trunk highway fund.
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Effective the day following final enactment.
Legislative Description
I-35W/I-494 Interchange and bus rapid transit station funding provided, bonds issued, and money appropriated.
Last Action
Introduction and first reading, referred to Transportation Finance
3/4/2013