This bill appropriates funds for the design of an interchange project at the intersection of marked Trunk Highway 10/Trunk Highway 61 and 70th Street in St. Paul Park, Minnesota. It specifies that a certain amount of money will be allocated from the bond proceeds account in the trunk highway fund to the commissioner of transportation for both preliminary and final design work related to the interchange.
Additionally, the bill authorizes the sale and issuance of state bonds to finance the appropriated funds. The commissioner of management and budget is tasked with selling and issuing bonds up to a specified amount, following the guidelines set forth in Minnesota Statutes and the state constitution. The proceeds from these bonds, excluding any accrued interest and premiums, will be deposited back into the bond proceeds account in the trunk highway fund. The bill will take effect the day after it is enacted.