HF3523

Purpose

• This bill authorizes a state funding plan to improve safety and mobility on U.S. Highway 12 in the city of Independence, Minnesota. It provides money and a process for the project to move forward using state general obligation bonds.

Main Provisions

• Appropriation of 4,000,000 from the bond proceeds fund:
  • The money is given to the commissioner of transportation as a grant to the city of Independence.
  • It covers predesign, design, and construction of critical safety and mobility improvements along marked U.S. Highway 12 from County Line Road to County Road 90 in Hennepin County.
  • The funding applies to portions of the project that are eligible to be funded with general obligation bonds.
• Bond sale authorization:
  • The commissioner of management and budget must sell and issue state bonds up to 4,000,000 to cover the appropriation.
  • The bond sale follows Minnesota statutes 16A.631 to 16A.675 and the Minnesota Constitution, Article XI, sections 4 through 7.

Funding and Implementation Details

• Source of funds: bond proceeds fund.
• Purpose of funds: a grant to the City of Independence for planning and construction work on the specified segment of U.S. Highway 12.
• Responsible agencies: Minnesota Department of Transportation (for the grant) and the Commissioner of Management and Budget (for issuing the bonds).

Relationship to Existing Law and Impact

• This bill uses the existing general obligation bond framework (as defined in Minnesota Statutes 16A.631 to 16A.675 and Article XI, sections 4–7) to finance the project.
• It does not create new bonding authorities outside the standard statewide bond process; instead, it allocates a specific amount and project scope within that framework.

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Relevant Terms - U.S. Highway 12 - Independence (city) - County Line Road - County Road 90 - Hennepin County - Grant - Predesign - Design - Construction - Critical safety and mobility improvements - General obligation bonds - Bond proceeds fund - Appropriation - Commissioner of Transportation - Commissioner of Management and Budget - Minnesota Statutes sections 16A.631 to 16A.675 - Minnesota Constitution Article XI, sections 4 to 7