MN HF588

Appropriates $117,000,000 from the trunk highway bond proceeds account to the commissioner of transportation for reconstruction of marked U.S. Highway 14 as a four-lane divided highway.

Funds cover right-of-way acquisition, engineering, and construction from the interchange with County Road 21 and marked Trunk Highway 15 east of New Ulm to the intersection with 471st Avenue west of Nicollet.

Authorizes the commissioner of management and budget to sell and issue state bonds up to $117,000,000 to provide the appropriated funds, following Minnesota Statutes sections 167.50 to 167.52 and Minnesota Constitution article XIV, section 11.

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

Takes effect the day following final enactment.