1.1 	A bill for an act
1.2 	relating to capital improvements; appropriating money
1.3 	for improvements to marked Trunk Highway 60;
1.4 	authorizing issuance of state trunk highway bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. APPROPRIATION; T.H. 60.
 1.7 	$110,000,000 is appropriated from the bond proceeds account
1.8 	in the trunk highway fund to the commissioner of transportation
1.9 	for expenditure for improvements to marked Trunk Highway 60, as
1.10 	follows:
1.11 	(1) $6,000,000 for the Bigelow bypass;
1.12 	(2) $45,000,000 for the segment between Bigelow and
1.13 	Worthington;
1.14 	(3) $24,000,000 for the segment from Windom to south of
1.15 	Mountain Lake;
1.16 	(4) $15,000,000 for the segment from north of Mountain Lake
1.17 	to south of Butterfield; and 
1.18 	(5) $20,000,000 for the segment from north of Butterfield
1.19 	to south of St. James.
1.20 	The commissioner may transfer funds between segments
1.21 	identified in this section.

1.22 	Sec. 2. BOND SALE.
 1.23 	To provide the money appropriated by section 1 from the
1.24 	bond proceeds account in the trunk highway fund, the
1.25 	commissioner of finance shall sell and issue bonds of the state
2.1 	in an amount up to $110,000,000 in the manner, on the terms, and
2.2 	with the effect prescribed by Minnesota Statutes, sections
2.3 	167.50 to 167.52, and by the Minnesota Constitution, article
2.4 	XIV, section 11.  The proceeds from the bonds, except accrued
2.5 	interest and any premium received on the sale of the bonds, must
2.6 	be credited to the bond proceeds account in the trunk highway
2.7 	fund.