1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for an interchange on 117th 
1.3 	Avenue Northeast at marked Trunk Highway 65 in Blaine; authorizing the sale 
1.4 	and issuance of state bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. BLAINE; 117TH AVENUE NORTHEAST AT MARKED TRUNK 
1.7 	HIGHWAY 65.
 1.8 		Subdivision 1.Trunk Highway 65 interchange; appropriation. (a) $30,000,000 in 
1.9 	fiscal year 2023 is appropriated from the general fund to the commissioner of transportation 
1.10 	for one or more grants to the city of Blaine for a local road interchange at 117th Avenue 
1.11 	Northeast, Cloud Drive Northeast, and marked Trunk Highway 65, including any associated: 
1.12 	(1) local road improvements; (2) frontage roads; (3) acquisition of rights-of-way; (4) utility 
1.13 	infrastructure improvements; and (5) construction administration and inspection. This is a 
1.14 	onetime appropriation and is available until June 30, 2025.
1.15 	(b) Upon written notice to the commissioner of management and budget, any unspent 
1.16 	portion of this appropriation remaining after completion of the project is available for any 
1.17 	other interchange or intersection improvement projects on local roads that intersect marked 
1.18 	Trunk Highway 65 in Spring Lake Park, Blaine, or Ham Lake.
1.19 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from the bond 
1.20 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.21 	the state in an amount up to $30,000,000 in the manner, upon the terms, and with the effect 
1.22 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.23 	Constitution, article XI, sections 4 to 7.

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