HF1694

Purpose of the Bill

The bill aims to improve transportation infrastructure in Scott County, Minnesota. Specifically, it proposes the reconstruction of the interchange at Interstate Highway 35 and Scott County State-Aid Highway 2.

Main Provisions

• Appropriation of Funds: The bill allocates $4,500,000 from the bond proceeds account in the trunk highway fund. This funding is intended for the planning, design, environmental review, engineering, and right-of-way acquisition necessary to reconstruct the interchange.

• Bond Sale Authorization: To finance the reconstruction, the bill authorizes the commissioner of management and budget to sell and issue state bonds amounting to $4,500,000. These bonds will be issued in accordance with existing Minnesota statutes and constitutional provisions.

Significant Changes

• The bill approves the use of state bonds to provide necessary funding for transportation infrastructure enhancements in Scott County, potentially impacting future fiscal planning and debt management for the state.

Relevant Terms

• Transportation infrastructure
• Interstate Highway 35
• Scott County State-Aid Highway 2
• State bonds
• Trunk highway fund
• Appropriation
• Bond proceeds
• Right-of-way acquisition