HF3400

Purpose

The bill provides funding to build a new highway interchange in Lake Elmo, Minnesota. It authorizes a grant to the City of Lake Elmo to acquire land and to plan, design, construct, furnish, and equip a new interchange at Trunk Highway 36 and Lake Elmo Avenue (in Washington County). It also authorizes selling state bonds to pay for the project.

Main Provisions

• Subdivision 1 – Appropriation:

  • Allocates 5,000,000 from the bond proceeds account in the state transportation fund (per Minnesota Statutes section 174.50).
  • The money goes to the commissioner of transportation as a grant to the City of Lake Elmo for:
  • Property acquisition, and
  • Predesign, design, construction, furnishing, and equipping a new interchange at Trunk Highway 36 and Washington County StateAid Highway 17 (Lake Elmo Avenue) in Washington County.
  • The appropriation represents the city’s share of the project that is eligible to be funded with general obligation bonds.

• Subdivision 2 – Bond Sale:

  • The commissioner of management and budget must sell and issue bonds up to 5,000,000 to fund the appropriation.
  • Bonds are issued under the standard state bond process and constitutional provisions (Minnesota Statutes sections 16A.631 to 16A.675 and Article XI, sections 4 to 7).

Effect on Existing Law / Significant Changes

• Creates a new appropriation and a new authorization to issue up to 5 million in state bonds for the Lake Elmo interchange project.
• Relies on existing bond sale procedures and existing statutes for how bonds are issued; it does not add new statutory changes beyond establishing this specific funding and financing for the project.

Relevant context: The bill ties capital investment funding to a specific transportation project and uses the state transportation fund and bond proceeds to finance the city’s share.

Relevant Terms

• appropriation
• bond proceeds account
• state transportation fund
• grant
• City of Lake Elmo
• property acquisition
• predesign
• design
• construct
• furnish
• equip
• interchange
• Trunk Highway 36
• Lake Elmo Avenue
• Washington County
• StateAid Highway 17
• general obligation bonds
• bond sale
• Minnesota Statutes 174.50
• Minnesota Statutes 16A.631 to 16A.675
• Article XI, sections 4 to 7
• Commissioner of Transportation
• Commissioner of Management and Budget