Bill > SF196

This bill provides funding for town roads and bridges in Minnesota by appropriating $35 million from a bond proceeds fund to the commissioner of transportation. Specifically, $25 million is allocated for town roads and $10 million for town bridges, to be distributed according to existing state statutes (section 162.081). The bill authorizes the commissioner of management and budget to sell and issue state bonds up to $35 million to finance these infrastructure improvements, following the procedures outlined in Minnesota Statutes sections 16A.631 to 16A.675 and in alignment with the state constitution. The bonds will be sold with the standard terms and conditions used for state bond issuances. The bill will take effect the day after it is finally enacted, providing an immediate mechanism for funding local transportation infrastructure repairs and improvements.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0196&ssn=0&y=2025