S.F. No. 2632 Summary

• Appropriates $4,300,000 from bond proceeds fund to the commissioner of transportation as a grant to Olmsted County for the county's share of an interchange project at Trunk Highway 14 and County State-Aid Highway 44.

• Authorizes the commissioner of management and budget to issue up to $4,300,000 in state bonds to fund the appropriation under Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution.

• Appropriates $17,460,000 from the trunk highway fund to the commissioner of transportation for property acquisition and project work including environmental analysis, design, engineering, right-of-way acquisition, construction, and furnishing of the interchange.

• Authorizes the commissioner of management and budget to issue up to $17,460,000 in trunk highway bonds under Minnesota Statutes sections 167.50 to 167.52 and the Minnesota Constitution to fund the trunk highway appropriation.

• The interchange project includes a flyover at 7th Street NW in Olmsted County and associated infrastructure and road work to accommodate the interchange; the trunk highway bond section becomes effective the day following final enactment.