The bill appropriates $6,913,000 from the bond proceeds account in the state transportation fund for infrastructure improvements in the city of St. Louis Park, specifically targeting the areas around Louisiana Avenue South and Oxford Street. The funds will be used for a variety of projects, including property acquisition, design, construction, and upgrades related to street reconstruction. This encompasses the construction of bikeways and sidewalks, bridge repairs, and the replacement or repair of water, sewer, and storm sewer facilities, among other enhancements. The appropriation is contingent upon the commissioner of management and budget determining that sufficient resources are available to complete the project.
To finance the appropriated funds, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $6,913,000. The bond sale will be conducted in accordance with existing Minnesota statutes and constitutional provisions. The effective date of this section is set for the day following its final enactment.