1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for the I-694-Rice Street 
1.3 	interchange; 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. I-694-RICE STREET INTERCHANGE.
 1.6 		Subdivision 1.Appropriation. $2,250,000 is appropriated from the bond proceeds 
1.7 	fund to the commissioner of transportation for a grant to Ramsey County to complete 
1.8 	design of, and environmental studies for, the interchange of marked Interstate Highway 
1.9 	694 and Rice Street in Ramsey County.
1.10 		Subd. 2.Bond sale. To provide the money appropriated in this section from the 
1.11 	bond proceeds fund, the commissioner of management and budget shall sell and issue 
1.12 	bonds of the state in an amount up to $2,250,000 in the manner, upon the terms, and with 
1.13 	the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
1.14 	Minnesota Constitution, article XI, sections 4 to 7.

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