1.1 	A bill for an act
1.2 	relating to transportation; appropriating money for local bridge replacement and 
1.3 	rehabilitation; authorizing sale and issuance of state bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. LOCAL BRIDGE REPLACEMENT AND REHABILITATION.
 1.6 		Subdivision 1.Appropriation. $50,000,000 is appropriated from the bond proceeds 
1.7 	account in the state transportation fund as provided in Minnesota Statutes, section 174.50, 
1.8 	to the commissioner of transportation for matching federal funds and replacement or 
1.9 	rehabilitation of local bridges under Minnesota Statutes, section 174.50.
1.10 		Subd. 2.Bond sale. To provide the money appropriated in this section from the 
1.11 	state transportation fund, the commissioner of management and budget shall sell and issue 
1.12 	bonds of the state in an amount up to $50,000,000 in the manner, upon the terms, and 
1.13 	with the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by 
1.14 	the Minnesota Constitution, article XI, sections 4 to 7. The proceeds of the bonds, except 
1.15 	accrued interest and any premium received on the sale of the bonds, must be credited to 
1.16 	a bond proceeds account in the state transportation fund.

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