summary
Introduced
01/21/2025
01/21/2025
In Committee
01/21/2025
01/21/2025
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to capital investment; appropriating money for local roads and bridges; authorizing sale and issuance of general obligation bonds.
AI Summary
This bill authorizes the state of Minnesota to issue $400 million in bonds to fund two major transportation infrastructure improvements. Specifically, $250,000,000 will be appropriated to the commissioner of transportation for local road improvements, with a priority on expanding the state's ten-ton road system and providing grants for rural road safety capital improvement projects on county state-aid highways. An additional $150,000,000 is allocated for local bridge replacement and rehabilitation, which includes matching federal funds and improving deficient bridges. The commissioner of management and budget is authorized to sell and issue state bonds to provide these funds, following existing state constitutional and statutory guidelines for bond issuance. The bonds will be used to support actual construction, reconstruction, design-build contracts, land acquisition, and related expenses. When awarding bridge improvement grants, the commissioner may use the master bridge priority list to determine project selection. The bill becomes effective immediately after its final enactment, providing a timely mechanism for addressing critical transportation infrastructure needs in Minnesota.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Author added Johnson Stewart (on 02/13/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0289&ssn=0&y=2025 |
BillText | https://www.revisor.mn.gov/bills/text.php?number=SF289&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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