Part of State Highway 5 is now officially named after Prince.

Gov. Tim Walz signed a bill designating a section of the highway as the “Prince Rogers Nelson Memorial Highway” during a ceremony at Paisley Park on Tuesday.

Lawmakers in the Minnesota Senate overwhelmingly voted last week to honor Prince by renaming the section of the roadway that goes through Chanhassen by a vote of 55-5. It passed the House by a vote of 121-0.

The bill was signed into law using purple ink.

“This is a recognition and a memorial, but it’s also a gift to Minnesotans,” said Governor Tim Walz (DFL).

“Minnesotans love Prince.  They love him to this day.  They love the genius that came out of Minnesota and has roots here and is truly Minnesota,” he said.

The 7-mile stretch of “Prince Rogers Nelson Memorial Highway” runs along Highway 5, starting in Eden Prairie and into Chanhassen past Paisley Park.  The custom-painted purple highway signs will go up in the next 30 days.

RELATED: Minnesota Senate votes to rename section of Highway 5 in honor of Prince

Prince’s Paisley Park studio is located along that stretch of highway and has become a major tourist attraction.

Watch the full press conference in the video player above.