Bill > SF68

This bill authorizes a $5 million bond issuance to fund an interchange project at the intersection of U.S. Highway 10 and Sherburne County State-Aid Highway 11 in Becker Township. Specifically, the bill appropriates $2.5 million from the bond proceeds fund to Sherburne County for local road project costs, including property acquisition, environmental documentation, and engineering, and an additional $2.5 million from the trunk highway fund for similar trunk highway project expenses. The commissioner of management and budget is authorized to sell and issue state bonds to finance these appropriations, following established state bonding procedures outlined in Minnesota Statutes. The bill requires that sufficient project funding be committed before the appropriations become available, and the bonds will be issued according to constitutional guidelines. These appropriations are intended to support the development of an interchange at the specified highway junction, with the section becoming effective immediately after final enactment.