1.1 	A bill for an act
1.2 	relating to transportation; appropriating money for construction of interchange at 
1.3 	Trunk Highway 7; authorizing sale of trunk highway bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. ST. LOUIS PARK GRADE SEPARATION PROJECT.
 1.6 		Subdivision 1.Appropriation. $9,000,000 is appropriated from the bond proceeds 
1.7 	account in the trunk highway fund to the commissioner of transportation to match federal 
1.8 	funds for the construction of a grade-separated interchange at marked Trunk Highway 7 
1.9 	and Wooddale Avenue in the city of St. Louis Park.
1.10 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from the 
1.11 	bond proceeds account in the trunk highway fund, the commissioner of finance shall sell 
1.12 	and issue trunk highway bonds in an amount up to $9,000,000 in the manner, on the terms, 
1.13 	and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52, and 
1.14 	by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts 
1.15 	requested by the commissioner of transportation. The proceeds of the bonds, except 
1.16 	accrued interest and any premium received on the sale of the bonds, must be credited to 
1.17 	the bond proceeds account in the trunk highway fund.

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