Bill > SF29

This bill establishes a $25 million bond issue and appropriation for the Small Cities Assistance Program administered by the Minnesota Department of Transportation. Specifically, the bill appropriates $25 million from bond proceeds to fund the program, which is designed to support infrastructure and transportation projects in smaller municipalities. The commissioner of management and budget is authorized to sell and issue state bonds up to this amount, following standard state bonding procedures outlined in Minnesota Statutes sections 16A.631 to 16A.675 and in alignment with the Minnesota Constitution's provisions on state bonding. The bill's provisions will take effect immediately after its final enactment, providing a direct and immediate mechanism for funding small city infrastructure improvements through a state-backed bond issuance.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0029&ssn=0&y=2025