HF5059

Purpose

This bill provides funding and financing to improve safety on Washington Avenue by supporting design, engineering, and reconstruction work on a specific road segment in Minneapolis. It earmarks money to be provided as a grant to Hennepin County for the project and uses state bond financing to cover the cost.

Key Provisions

• Appropriation of 6,500,000 from the bond proceeds account to the state transportation fund.
• The money is for a grant to Hennepin County for design, engineering, and reconstruction of County Road 152 in Minneapolis, specifically between the I-35W southbound ramps and 3rd Street South.
• Bond financing: The commissioner of management and budget must sell and issue bonds of up to 6,500,000 from the bond proceeds account to fund this appropriation.
• The bond issuance must follow Minnesota statutes and constitutional requirements (as cited in the bill).

How it would be implemented

• The state transportation fund would receive the appropriated funds for distribution as a grant to Hennepin County.
• The bond proceeds would be issued under existing bonding authority and procedures, ensuring legal compliance with relevant statutes and the state constitution.

Significant Changes to Existing Law

• Establishes a new, specific appropriation for Washington Avenue safety improvements via a grant to Hennepin County.
• Creates a formal authorization to issue up to 6.5 million in state bonds to finance this project.
• Ties the funding to the bond proceeds account and the state transportation fund, operating under existing Minnesota Statutes (174.50, and 16A.631 to 16A.675) and the Minnesota Constitution (Article XI).

Notes on Scope

• Project location: Washington Avenue safety improvements related to County Road 152 in Minneapolis, between the I-35W southbound ramps and 3rd Street South.
• Implementing agency/parties: Minnesota Department of Transportation, with a grant to Hennepin County for the specified work.

Relevant Terms Washington Avenue safety improvements Hennepin County County Road 152 Minneapolis I-35W southbound ramps 3rd Street South design engineering reconstruction grant to Hennepin County appropriation bond proceeds account state transportation fund bond sale / bonds Minnesota Statutes section 174.50 Minnesota Statutes sections 16A.631 to 16A.675 Minnesota Constitution Article XI (sections 4 to 7)