1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for a new interchange on I-94 
1.3 	in the city of Freeport; authorizing the sale and issuance of state bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. FREEPORT; I-94 INTERCHANGE RECONSTRUCTION.
 1.6 		Subdivision 1.Appropriation. $5,000,000 is appropriated from the bond proceeds fund 
1.7 	to the commissioner of transportation for a grant to the city of Freeport for the reconstruction 
1.8 	of the intersection of marked Interstate Highway 94 and 1st Avenue. This appropriation 
1.9 	includes money for preliminary and final design, engineering, permitting, demolition of an 
1.10 	existing bridge over Interstate Highway 94, and construction of a new interchange and other 
1.11 	infrastructure necessary to support completion of the project including pedestrian safety, 
1.12 	public utilities and storm water management. This appropriation is exempt from the 
1.13 	requirements of Minnesota Statutes, section 16A.86, subdivision 4.
1.14 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.15 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.16 	the state in an amount up to $5,000,000 in the manner, upon the terms, and with the effect 
1.17 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.18 	Constitution, article XI, sections 4 to 7.

1.19 	EFFECTIVE DATE. This section is effective the day following final enactment.