MN SF5474

Appropriates $5,600,000 from the state transportation fund bond proceeds account to the commissioner of transportation for grants to the city of Byron and/or Olmsted County for intersection improvements along marked U.S. Highway 14.

Funds will support environmental analysis, predesign, and final design of a project to replace at-grade intersections and traffic signals with grade-separated interchanges, specifically at intersections with Olmsted County State-Aid Highway 3 and State-Aid Highway 5.

Remaining funds after completion of design and engineering work may be applied toward acquiring right-of-way and constructing, furnishing, and equipping the interchanges and associated infrastructure.

Authorizes the commissioner of management and budget to sell and issue state general obligation bonds in an amount up to $5,600,000 to provide the appropriated funds.

Bond sale and issuance shall follow procedures prescribed by Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution article XI, sections 4 to 7.