Bill > SF480

This bill provides funding for the Corridors of Commerce program, a transportation initiative aimed at improving major transportation routes in Minnesota. Specifically, the bill appropriates $100,000,000 from state bond proceeds to the commissioner of transportation for the program, which is authorized under Minnesota Statutes, section 161.088. To raise these funds, the commissioner of management and budget is authorized to sell and issue state bonds up to $100,000,000, following the procedures outlined in Minnesota Statutes, sections 16A.631 to 16A.675, and in alignment with the state constitution's provisions on bond issuance (article XI, sections 4 to 7). The bond sale will provide the necessary funding for transportation infrastructure improvements through the Corridors of Commerce program, which typically focuses on enhancing highway and transportation corridors to improve mobility, safety, and economic development across the state.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0480&ssn=0&y=2025