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MN SF611

Mesabi Trail segment bond issuance and appropriation


summary

Introduced
01/27/2025
In Committee
01/27/2025
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 trail segment of the Mesabi Trail; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $3,000,000 in state bond proceeds to fund a specific segment of the Mesabi Trail in Minnesota, specifically authorizing a grant to the St. Louis and Lake Counties Regional Railroad Authority to predesign, design, engineer, and construct a trail segment with a pedestrian bridge. The project involves relocating a portion of the Mesabi Trail due to the permanent closure of County State-Aid Highway 102 in the city of Mountain Iron. The bill instructs the commissioner of management and budget to sell and issue state bonds up to $3,000,000 to finance the project, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill will become effective immediately after its final enactment, providing immediate authorization for the trail segment project and its associated funding.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Referred to Capital Investment (on 01/27/2025)

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