SF4754

Purpose

• The bill authorizes a capital investment appropriation and the sale of state bonds to fund a pedestrian bridge project in Oakdale. It aims to provide a safe crossing over Interstate Highway 694, improve connectivity to local trails and parks, and enhance access to workplaces.

Main Provisions

• Subdivision 1 — Appropriation:

  • Appropriates 4,500,000 from the bond proceeds fund to the commissioner of transportation.
  • This money is provided as a grant to the city of Oakdale to design and construct a pedestrian bridge and related improvements over marked Interstate Highway 694 at the intersection of 40th Street.
  • The goal is to create a safe crossing and improve connectivity with local and regional trails and parks, as well as access to places of work.

• Subdivision 2 — Bond Sale:

  • Requires the commissioner of management and budget to sell and issue state bonds totaling up to 4,500,000 to finance the appropriation.
  • Bonding must follow the terms and effects set forth in Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution article XI sections 4 to 7.

Significant Changes to Existing Law

• Establishes a new appropriation funded by bond proceeds to support the Oakdale pedestrian bridge project.
• Authorizes a bond sale up to 4.5 million to finance the appropriation, under existing state bonding statutes and constitutional provisions.

Terminology and Concepts Highlight

• Appropriation, bond proceeds fund, grant, design and construct, pedestrian bridge, Oakdale, Interstate Highway 694, 40th Street, connectivity, local and regional trails, parks, access to places of work, bond sale, state bonds, Minnesota Statutes 16A.631 to 16A.675, Minnesota Constitution article XI sections 4 to 7.

Relevant Terms - appropriation - bond proceeds fund - grant - commissioner of transportation - Oakdale - pedestrian bridge - Interstate Highway 694 - 40th Street - design and construct - connectivity - local and regional trails - parks - places of work - bond sale - state bonds - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution article XI sections 4 to 7