The bill appropriates $8,600,000 from the bond proceeds account in the state transportation fund for the reconstruction of the Hennepin Avenue Suspension Bridge and its approach bridges in Minneapolis. This funding is designated for various aspects of the project, including design engineering, construction engineering, and roadway approach work, which may involve right-of-way acquisition and construction. The appropriation is intended to support Phase 2 of the reconstruction, ensuring the preservation of this iconic and historic structure.

To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $8,600,000. The bond sale will be conducted in accordance with existing Minnesota statutes and constitutional provisions. The proceeds from the bond sale, excluding any accrued interest and premiums, will be credited to the bond proceeds account in the state transportation fund. The bill will take effect the day after it is enacted.