1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for noise barriers on marked 
1.3 	Interstate Highway 694; 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. MARKED INTERSTATE HIGHWAY 694 NOISE BARRIERS; 
1.6 	APPROPRIATION AND BOND SALE AUTHORIZATION.
 1.7 		Subdivision 1.Appropriation. (a) $8,000,000 is appropriated from the bond proceeds 
1.8 	account in the state transportation fund as provided in Minnesota Statutes, section 174.50, 
1.9 	to the commissioner of transportation for installation of noise barriers in the following 
1.10 	segments of marked Interstate Highway 694:
1.11 	(1) on the south side from Anoka County State-Aid Highway 1, known as University 
1.12 	Avenue, to 7th Street NE in Fridley;
1.13 	(2) on the north side from Matterhorn Drive NE in Fridley to the prolongation of Black 
1.14 	Oak Drive in New Brighton;
1.15 	(3) on the south side from the existing noise barrier near the western border of New 
1.16 	Brighton to Anoka County State-Aid Highway 44, known as Silver Lake Road; and
1.17 	(4) on the south side from the prolongation of 8th Avenue NW for a distance of 
1.18 	approximately 750 feet to the highway-rail crossing in New Brighton.
1.19 	(b) The commissioner may adjust the locations specified in paragraph (a) as reasonably 
1.20 	necessary to address noise impacts and establish continuous barriers.
2.1 	(c) This appropriation is available when the commissioner of management and budget 
2.2 	determines that sufficient resources have been committed to complete the project, as required 
2.3 	by Minnesota Statutes, section 16A.502. This is a onetime appropriation and is available 
2.4 	until June 30, 2026.
2.5 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from the bond 
2.6 	proceeds account in the state transportation fund, the commissioner of management and 
2.7 	budget shall sell and issue bonds of the state in an amount up to $8,000,000 in the manner, 
2.8 	upon the terms, and with the effect prescribed by Minnesota Statutes, sections 16A.631 to 
2.9 	16A.675, and by the Minnesota Constitution, article XI, sections 4 to 7. The proceeds of 
2.10 	the bonds, except accrued interest and any premium received on the sale of the bonds, must 
2.11 	be credited to the bond proceeds account in the state transportation fund.

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