HF463

Purpose

• Authorizes funding and bonding to improve the intersection of Carver County StateAid Highway 51 and U.S. Highway 212. The goal is to enhance safety and traffic flow at this intersection.

Main Provisions

• Subdivision 1 — Appropriation:
  • Provides an appropriation of 6,000,000 dollars from the bond proceeds account in the state transportation fund.
  • This money goes to the commissioner of transportation as a grant to Carver County for design, engineering, and construction of the intersection project.
  • Project scope includes: Carver County StateAid Highway 51 roadway construction, a bridge over U.S. Highway 212, side street construction, drainage, and water quality improvements.
  • The appropriation becomes available only after the commissioner of management and budget determines that enough money has been committed to complete the project, per Minnesota Statutes section 16A.502.
• Subdivision 2 — Bond Sale:
  • Requires the commissioner of management and budget to sell and issue bonds up to 6,000,000 dollars to fund the appropriation.
  • Bonds are to be issued and sold under the terms of Minnesota Statutes sections 16A.631 to 16A.675 and in accordance with Minnesota Constitution article XI, sections 4 to 7.

Funding and Bonding Details

• The funding is provided through the bond proceeds account in the state transportation fund.
• The sale of bonds must follow specified state statutes and constitutional provisions for debt issuance.

Implementation Conditions

• The appropriation is contingent on a determination by the budget director that sufficient funds are committed to complete the project, as required by law.
• The project must be designed, engineered, and constructed with the specified elements (roadway, bridge, side streets, drainage, water quality).

Significance / Impact

• This bill does not create new programs beyond funding this specific project. It directs state financial resources and bonding authority to advance a targeted safety and infrastructure improvement at a key traffic intersection in Carver County.

Relationship to Existing Law

• Uses existing statutory bonding authorities and procedures (Minnesota Statutes 16A.631–16A.675) and Constitutional provisions (Article XI, sections 4–7).
• References an existing statutory requirement (Minnesota Statutes 16A.502) to verify sufficient committed funds before the appropriation becomes available.

Relevant Terms - appropriation - bond proceeds account - state transportation fund - grant to Carver County - design engineering - intersection - Carver County StateAid Highway 51 - U.S. Highway 212 - roadway construction - bridge over U.S. Highway 212 - side street construction - drainage - water quality improvements - availability condition - Minnesota Statutes 16A.502 - bond sale - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution article XI, sections 4 to 7