Bill > SF502

This bill provides $17 million in state bond funding for capital improvements to the Nicollet Avenue Bridge over Minnehaha Creek in Minneapolis. Specifically, the bill appropriates bond proceeds to the Minnesota Department of Transportation to provide a grant to the city of Minneapolis for repairing, renovating, and reconstructing the bridge. The bond funding will only be released after the commissioner of management and budget confirms that sufficient non-state funding sources have been committed to complete the project. The bill authorizes the commissioner of management and budget to sell and issue state bonds up to $17 million to finance the project, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill becomes effective immediately after it is enacted, with the goal of supporting critical infrastructure improvements in the Minneapolis area by providing state financial assistance for the bridge project.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0502&ssn=0&y=2025