This bill appropriates $4,000,000 from the bond proceeds fund to the commissioner of transportation for a grant to the city of Forest Lake. The funds are designated for land acquisition and the construction of the Forest Road North realignment, specifically at the intersection with 11th Avenue.
To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $4,000,000, following the procedures outlined in Minnesota Statutes and the Minnesota Constitution. The provisions of this bill will take effect the day after it is enacted.