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Bill > SF383


MN SF383

Dayton roundabout bond issue and appropriation


summary

Introduced
01/21/2025
In Committee
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 a roundabout in the city of Dayton; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $1,500,000 from the state bond proceeds fund to the Minnesota commissioner of transportation for a specific infrastructure project in the city of Dayton. The funds are designated for acquiring real property and constructing a roundabout at the intersection of Pineview Lane and County Road 12. To finance this project, the commissioner of management and budget is authorized to sell and issue state bonds up to the appropriated amount, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill specifies that the bonds will be sold according to established financial protocols, and the provision becomes effective immediately after final enactment. This type of legislation is common for funding local infrastructure improvements, with the state providing direct financial support for specific municipal transportation projects through bond issuance.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Capital Investment (on 01/21/2025)

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