Bill > SF678

This bill authorizes the state of Minnesota to issue $200,000,000 in trunk highway bonds to fund road construction and improvement projects. Specifically, the bill appropriates the bond proceeds to the commissioner of transportation for constructing, reconstructing, and improving trunk highways, with the ability to use up to 17 percent of the funds for program delivery costs such as internal department expenses and consultant support. The commissioner of management and budget is directed to sell and issue the bonds according to existing state statutes and constitutional provisions, with the bond proceeds (excluding accrued interest and any premium) to be deposited into the bond proceeds account in the trunk highway fund. This legislation provides a mechanism for financing critical transportation infrastructure improvements by leveraging state bonding authority, which allows the state to fund large-scale road projects by borrowing money that will be repaid over time.

Transportation and Infrastructure

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0678&ssn=0&y=2025