HF998

This legislative bill, authored by Agbaje, aims to secure funding for the second phase of reconstruction on the Hennepin Avenue Suspension Bridge in Minneapolis, Minnesota. The bill proposes the following:

1. Appropriation of Funds: The bill allocates $8,600,000 from the bond proceeds account in the state transportation fund to the commissioner of transportation. This money is designated for a grant to Hennepin County to be used for various aspects of the bridge project, including design, construction engineering, and the reconstruction of the bridge and its approaches.

2. Utilization of Funds: The appropriated funds may also cover expenses related to right-of-way acquisition and roadway approach work within the project limits.

3. Authorization for Bond Sale: To provide the necessary funding, the commissioner of management and budget is authorized to sell and issue state bonds up to the amount of $8,600,000. The sale and conditions of these bonds are governed by specific sections of the Minnesota Statutes and the Minnesota Constitution.

The legislative intent is to facilitate the continuation and completion of the Hennepin Avenue Suspension Bridge's renovation, emphasizing the historic and iconic significance of the structure and its importance to the infrastructure of Minneapolis.