This bill appropriates a total of $8,000,000 for intersection improvements along marked U.S. Highway 14 in the city of Byron, Minnesota. Specifically, it allocates $5,600,000 from the state transportation fund and $2,400,000 from the trunk highway fund for the environmental analysis, predesign, and final design of projects aimed at replacing at-grade intersections and traffic signals with grade-separated interchanges. The funds will also cover the acquisition of right-of-way and the construction of associated infrastructure. Any remaining funds after the completion of the initial phases may be redirected towards these additional costs.
To finance these appropriations, the bill authorizes the sale and issuance of state bonds, with the commissioner of management and budget responsible for selling bonds up to the specified amounts. The bond sales will be conducted in accordance with Minnesota Statutes and the state constitution. The proceeds from these bonds will be deposited into the respective bond proceeds accounts in the state transportation and trunk highway funds, ensuring that the funds are available for the intended improvements along U.S. Highway 14.