1.1 	A bill for an act
1.2 	relating to transportation; capital investment; appropriating money for 
1.3 	reconstruction of a portion of Trunk Highway 101; authorizing the sale and 
1.4 	issuance of state bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. HIGHWAY 101 RECONSTRUCTION; APPROPRIATION AND 
1.7 	TRUNK HIGHWAY BOND SALE AUTHORIZATION.
 1.8 		Subdivision 1.Appropriation. $25,100,000 is appropriated from the bond proceeds 
1.9 	account in the trunk highway fund to the commissioner of transportation for design, 
1.10 	right-of-way acquisition, engineering, project management, and reconstruction of Trunk 
1.11 	Highway 101 between Pioneer Trail (Carver County State-Aid Highway 14) and Flying 
1.12 	Cloud Drive (Carver County State-Aid Highway 61) as a four-lane divided roadway. 
1.13 	This project includes a multipurpose pedestrian bridge over Trunk Highway 101 for the 
1.14 	Minnesota River Bluffs Regional Trail and a regional trail for pedestrians and bicycles 
1.15 	along Trunk Highway 101. This appropriation is not available until the commissioner of 
1.16 	management and budget determines that at least $3,400,000 is committed to the project 
1.17 	from nonstate sources.
1.18 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from the 
1.19 	bond proceeds account in the trunk highway fund, the commissioner of management 
1.20 	and budget shall sell and issue bonds of the state in an amount up to $25,100,000 in the 
1.21 	manner, upon the terms, and with the effect prescribed by Minnesota Statutes, sections 
1.22 	167.50 to 167.52, and by the Minnesota Constitution, article XIV, section 11, at the times 
1.23 	and in the amounts requested by the commissioner of transportation. The proceeds of the 
2.1 	bonds, except accrued interest and any premium received from the sale of the bonds, must 
2.2 	be deposited in the bond proceeds account in the trunk highway fund.

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