SF1867 (Legislative Session 94 (2025-2026))
Interstate Highway 35 and Scott County State-Aid Highway 2 interchange bond issuance and appropriation
Related bill: HF1694
AI Generated Summary
Purpose
- Authorizes funding and debt for reconstructing the interchange where Interstate Highway 35 meets Scott County State-Aid Highway 2.
- Provides for planning, design, environmental review, engineering, and right-of-way acquisition related to the project.
Main Provisions
Subdivision 1 – Appropriation
- The bill appropriates 4,500,000 from the bond proceeds account in the trunk highway fund.
- The money is for the Minnesota Department of Transportation to cover planning, design, environmental review, engineering, and right-of-way acquisition for the reconstruction of the Interstate 35–Scott County State-Aid Highway 2 interchange.
Subdivision 2 – Bond Sale
- The Commissioner of Management and Budget must issue state bonds totaling up to 4,500,000 to fund the appropriation.
- Bond issuance must follow Minnesota statutes (167.50 to 167.52) and the state constitution (Article XIV, section 11), and is at times and amounts requested by the Commissioner of Transportation.
- Proceeds from the bonds (except interest that has already accrued and any premium from selling the bonds) must be deposited into the bond proceeds account in the trunk highway fund.
Funding and Debt Details
- The project is funded through a bond sale up to 4.5 million dollars.
- The money comes from the bond proceeds account in the trunk highway fund.
- Proceeds are dedicated to the specified interchange project (planning, design, environmental review, engineering, right-of-way acquisition).
Significant Changes to Existing Law
- Creates a new appropriation and bond-issuance authority specifically for the I-35 and Scott County State-Aid Highway 2 interchange reconstruction.
- Ties the funding to existing bond laws and constitutional provisions while directing that bond proceeds be used only for this project.
Practical Impact
- Enables state funding and debt financing to advance planning and construction-related activities for the interchange, potentially expediting improvements to traffic flow and safety at this key intersection.
Relevant Terms - Interstate Highway 35 interchange - Scott County State-Aid Highway 2 - appropriation - bond proceeds account - trunk highway fund - planning - design - environmental review - engineering - right-of-way acquisition - reconstruction - bond sale / bonds - Commissioner of Transportation - Commissioner of Management and Budget - Minnesota Statutes sections 167.50 to 167.52 - Minnesota Constitution Article XIV section 11 - accrued interest - premium
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 27, 2025 | Senate | Action | Introduction and first reading | ||
| February 27, 2025 | Senate | Action | Referred to | Transportation |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill authorizes the sale of state bonds in an amount up to 4,500,000 for the Interstate Highway 35 interchange in Scott County, as provided by Minnesota Statutes sections 167.50 to 167.52.",
"modified": []
},
"citation": "167.50 to 167.52",
"subdivision": ""
}
]Progress through the legislative process
In Committee