1.1 	A bill for an act
1.2 	relating to highways; authorizing issuance of trunk
1.3 	highway bonds for reconstructing interchange with
1.4 	Interstate Highway 35W and County Road J and Lake
1.5 	Avenue, with improvements; appropriating money.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. APPROPRIATION.
 1.8 	$75,000,000 is appropriated from the bond proceeds account
1.9 	in the trunk highway fund to the commissioner of transportation
1.10 	to reconstruct the interchange with Interstate Highway 35W and
1.11 	County Road J and Lake Avenue and to include lane additions on
1.12 	portions of Interstate Highway 35W and U.S. Highway 10 and a
1.13 	noise barrier on a portion of U.S. Highway 10.

1.14 	Sec. 2. TRUNK HIGHWAY BOND SALE.
 1.15 	To provide the money appropriated in section 1 from the
1.16 	bond proceeds account in the trunk highway fund, the
1.17 	commissioner of finance shall sell and issue bonds of the state
1.18 	in an amount up to $75,000,000 in the manner, on the terms, and
1.19 	with the effect prescribed by Minnesota Statutes, sections
1.20 	167.50 to 167.52, and by the Minnesota Constitution, article
1.21 	XIV, section 11, at the times and in the amounts requested by
1.22 	the commissioner of transportation.  The proceeds of the bonds,
1.23 	except accrued interest and any premium received from the sale
1.24 	of the bonds, must be deposited in the bond proceeds account in
1.25 	the trunk highway fund.

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