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Bill > HF50


MN HF50

MN HF50
Lakeville; marked Interstate Highway 35 bridge interchange project funding provided, bonds issued, and money appropriated.


summary

Introduced
02/10/2025
In Committee
02/10/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to transportation; appropriating money for a bridge interchange project on marked Interstate Highway 35 in the city of Lakeville; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $40,800,000 from the bond proceeds account in the trunk highway fund to support a major infrastructure project in Lakeville, Minnesota, specifically focused on improving Interstate Highway 35 and its intersections with Dakota County State-Aid Highway 50 (CSAH 50). The funding will cover various stages of the project including environmental analysis, predesign, design, engineering, right-of-way acquisition, and construction of bridges and interchanges, including associated entrance and exit ramps and two bridges over CSAH 50. The commissioner of management and budget is authorized to sell and issue state bonds up to the appropriated amount to fund the project, following established state bonding procedures outlined in Minnesota Statutes. The bonds will be sold according to specific constitutional and statutory guidelines, with proceeds (excluding accrued interest and any premium) to be deposited in the trunk highway fund. The bill becomes effective immediately after its final enactment, enabling the transportation department to proceed with the highway improvement project.

Committee Categories

Transportation and Infrastructure

Sponsors (3)

Last Action

Author added Virnig (on 02/17/2025)

bill text


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