Purpose of the Bill

The bill aims to authorize the allocation of funds for the infrastructure improvements of 210th Avenue in Pope County, Minnesota. It focuses on obtaining financial resources for road reconstruction through the issuance of state bonds.

Main Provisions

• Funding Allocation: The bill proposes an appropriation of $5,000,000 from the bond proceeds account within the state transportation fund. These funds are designated for the reconstruction and related activities of 210th Avenue.

• Use of Funds: The money is intended for grants that will support various stages of the project, including the acquisition of permanent easements, right-of-way, pre-design, design, construction, and reconstruction of a specific road segment.

• Collaboration: It specifies that grants may be provided to the city of Glenwood, Glenwood Township, Leven Township, or any combination of these entities.

• Bond Issuance: To secure the funds, the commissioner of management and budget is authorized to sell and issue state bonds up to the amount of $5,000,000. The sale and issuance of these bonds must comply with the procedures and regulations outlined in Minnesota statutes and constitution.

Significant Changes to Existing Law

• Bonding and Infrastructure Projects: This bill authorizes a specific use of state bonds for infrastructure development, reflecting a targeted investment in a particular roadway. It does not make amendments to existing legislation but authorizes activities under current bonding laws.

Relevant Terms

• Capital investment
• Reconstruction
• State bonds
• Bond proceeds
• Easements
• Right-of-way
• Infrastructure improvement