HF3373

Purpose

• The bill would allocate money from the bond proceeds account in the trunk highway fund to the Minnesota Department of Transportation to fund the preliminary and final design of an interchange at the intersection of Trunk Highway 10, Trunk Highway 61, and 70th Street (Washington County StateAid Highway 22) in the city of St. Paul Park. It also authorizes the sale and issuance of state bonds to provide the funding for this design work.

Main Provisions

• Subdivision 1 – Appropriation:
  • An appropriation is made from the bond proceeds account in the trunk highway fund to the commissioner of transportation for the preliminary design and final design of the St. Paul Park 70th Street interchange (at Trunk Highway 10/Trunk Highway 61 and Washington County StateAid Highway 22 70th Street).
• Subdivision 2 – Bond sale:
  • The commissioner of management and budget must sell and issue state bonds in an amount up to a specified limit (the exact amount is not stated in the text provided) to fund the appropriation.
  • The bond sale must follow the terms and effects described in Minnesota Statutes sections 167.50 to 167.52 and in the Minnesota Constitution, Article XIV, Section 11, and occur at times and in amounts requested by the commissioner of transportation.
  • Proceeds from the bonds, excluding accrued interest and any premium from the sale, must be deposited into the bond proceeds account in the trunk highway fund.

Financing and Legal Compliance

• The bill relies on existing bonding and financing framework:
  • Uses the bond proceeds account within the trunk highway fund.
  • Requires adherence to the cited Minnesota Statutes (167.50–167.52) and constitutional requirements (Article XIV, Section 11).
  • Specifies that only the designated portion of bond proceeds (excluding interest and premiums) goes into the bond proceeds account.

Project Scope and Entities Involved

• Location: St. Paul Park, Minnesota (70th Street interchange linking Trunk Highways 10 and 61 with Washington County StateAid Highway 22).
• Agencies: Minnesota Department of Transportation (for design work) and Minnesota Management and Budget (for issuing bonds).
• Purpose focus: Design work (preliminary and final) for the specified interchange; does not authorize construction funding beyond design at this time.

Significance and Summary of Changes

• Creates a targeted funding mechanism to design a specific interchange project.
• Establishes a bonding approach to finance the design through the trunk highway fund’s bond proceeds account, using standard state bonding statutes and constitutional provisions.
• Represents a focused expansion of transportation infrastructure planning funding for a particular location, without outlining construction funding or broader program changes.

Relevant Terms

• Interchange
• Trunk Highway 10
• Trunk Highway 61
• 70th Street
• Washington County StateAid Highway 22
• St. Paul Park
• Preliminary design
• Final design
• Bond proceeds account
• Trunk Highway Fund
• State bonds
• Bond sale
• Commissioner of Transportation
• Commissioner of Management and Budget
• Minnesota Statutes sections 167.50 to 167.52
• Minnesota Constitution Article XIV, Section 11
• Appropriation
• Design funding