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MN SF445

Salisbury Bridge rehabilitation 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 rehabilitation of the Salisbury Bridge; authorizing the sale and issuance of state bonds.

AI Summary

This bill authorizes a $1,650,000 state bond issue to provide funding for the rehabilitation of the Salisbury Bridge, located in Meeker County, Minnesota. The funds will be used to design and construct bridge improvements, specifically for grants to Kingston Township and/or Forest City Township. The Minnesota commissioner of management and budget is authorized to sell and issue state bonds to finance the project, following standard state bonding procedures outlined in Minnesota Statutes sections 16A.631 to 16A.675 and in accordance with the state constitution. The bill specifies that the appropriation will come from the state bond proceeds fund, and the legislation becomes effective immediately after final enactment. This type of bill is typical for infrastructure improvement projects, where the state issues bonds to fund specific local transportation infrastructure repairs or upgrades.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

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

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