This bill, S.F. No. 2354, is related to capital investment and seeks to extend an appropriation and bond sale authorization for a U.S. Highway 8 reconstruction project in Chisago County, Minnesota.

Key Provisions:

1. Project Scope:

   • The bill appropriates funds for the redesign, engineering, and reconstruction of U.S. Highway 8 from Karmel Avenue in Chisago City to Interstate 35.
     
   • The project includes pedestrian and bike trails, along with crossings on this highway segment.
     
   • Possible improvements include:
     • Expanding segments of the highway to four lanes.
     • Constructing or reconstructing frontage and backage roads.
     • Realigning local roads to enhance access and traffic flow.

2. Funding & Bond Authorization:

   • The funding comes from general obligation bonds.
     
   • The bill extends the availability of bond proceeds until December 31, 2029, overriding the standard expiration rules under Minnesota Statutes, section 16A.642.

3. MnDOT Resurfacing Funds Reallocation:

   • The bill directs that funds originally allocated for resurfacing U.S. Highway 8 (as part of the MnDOT Metro District 2020-2029 Investment Study) be reallocated to support the reconstruction of the highway.

Purpose:

This extension ensures that funds and bond sale authorizations remain available to complete or continue the Highway 8 reconstruction project and improve transportation infrastructure in Chisago County.