1.1 	A bill for an act
1.2 	relating to transportation; appropriating money for the local road improvement 
1.3 	program; 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. LOCAL ROAD IMPROVEMENT PROGRAM; APPROPRIATION 
1.6 	AND BOND SALE AUTHORIZATION.
 1.7 		Subdivision 1.Appropriation. $40,000,000 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 the local road improvement program under 
1.10 	Minnesota Statutes, section 174.52. Of this appropriation:
1.11 	(1) $20,000,000 is for grants to counties to assist in paying the costs of rural road 
1.12 	safety capital improvement projects on county state-aid highways under Minnesota 
1.13 	Statutes, section 174.52, subdivision 4a; and
1.14 	(2) $20,000,000 is for grants for construction and reconstruction of local roads with 
1.15 	statewide or regional significance under Minnesota Statutes, section 174.52, subdivision 4.
1.16 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from the 
1.17 	bond proceeds account in the state transportation fund, the commissioner of management 
1.18 	and budget shall sell and issue bonds of the state in an amount up to $40,000,000 in the 
1.19 	manner, upon the terms, and with the effect prescribed  by Minnesota Statutes, sections 
1.20 	16A.631 to 16A.675, and by the Minnesota Constitution, article XI, sections 4 to 7. The 
1.21 	proceeds of the bonds, except accrued interest and any premium received on the sale of 
1.22 	the bonds, must be credited to the bond proceeds account in the state transportation fund.

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