SF774

Purpose

• Provide funding for capital improvements along a specific stretch of County StateAid Highway 1 in Benton County, and authorize the sale of state bonds to pay for these improvements.

Main Provisions

• Appropriation: $21,000,000 is appropriated from the bond proceeds fund to the commissioner of transportation.
• Use of funds: The money is for a grant to Benton County to design, engineer, construct, and reconstruct capital improvements along County StateAid Highway 1 (Mayhew Lake Road) between 14th Avenue and 35th Street in the city of Sauk Rapids.
• Project scope: Includes construction and reconstruction of six roundabouts and other improvements to County StateAid Highway 1.
• Local funding requirement: This appropriation does not require a nonstate (local) contribution.
• Bonding authorization: To fund the appropriation, the commissioner of management and budget must sell and issue state bonds up to $21,000,000 in the manner and terms specified by Minnesota law and the state constitution (Minnesota Statutes sections 16A631 to 16A675 and Article XI, sections 4–7).

Financing and Bonding Details

• Source of funds: Bond proceeds fund.
• Bond issuance: State bonds up to $21,000,000 will be issued to finance the appropriation.
• Governing rules: Bond sale and terms follow the applicable Minnesota Statutes (16A631 to 16A675) and the Minnesota Constitution (Article XI, sections 4–7).

Location and Project Details

• Location: Mayhew Lake Road, County StateAid Highway 1, between 14th Avenue and 35th Street, in Sauk Rapids, Benton County.
• Specific infrastructure: Construction and reconstruction including six roundabouts as part of the improvements.

Significance

• This is a capital investment project funded by state bonds to improve transportation infrastructure without requiring local cash contributions. It focuses on safety and traffic flow improvements along a key local route.

Potential Implications

• Benton County will receive a grant managed by the state to carry out the described improvements.
• The project will be funded over time through bond financing, spreading costs over multiple years as determined by the state’s budgeting and debt management processes.
• The completion timeline and any local facilitation requirements would depend on subsequent state and county project plans and approvals.

Relevant Terms - appropriation - bond proceeds fund - County StateAid Highway 1 - Mayhew Lake Road - Sauk Rapids - design, engineer, construct, reconstruct - capital improvements / improvements and betterments of a capital nature - six roundabouts - no nonstate contribution - bond sale / bonds of the state - Minnesota Statutes 16A631 to 16A675 - Minnesota Constitution Article XI, sections 4–7