MN SF1255

Appropriates $14,000,000 from the bond proceeds account in the trunk highway fund to the Commissioner of Transportation for design, engineering, and reconstruction of marked Trunk Highway 5 in Waconia.

Project covers Trunk Highway 5 from the intersection with Trunk Highway 284 and South Olive Street to the intersection with Carver County State-Aid Highway 59 (Main Street) in Waconia.

Authorizes the Commissioner of Management and Budget to sell and issue state bonds up to $14,000,000 to fund the appropriation, following procedures in Minnesota Statutes sections 167.50 to 167.52 and Minnesota Constitution article XIV, section 11.

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

Effective date is the day following final enactment.