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Bill > SF841


MN SF841

Benton County road improvement project bond issue and appropriation


summary

Introduced
01/30/2025
In Committee
01/30/2025
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 road improvement project in Benton County; authorizing the sale and issuance of state bonds.

AI Summary

This bill authorizes an $8,750,000 state bond funding appropriation for a road infrastructure project in Benton County, Minnesota. Specifically, the funds will be used to construct an extension of County State-Aid Highway (CSAH) 29, creating a new roadway connection between CSAH 1 and CSAH 3 as part of the Beltline Corridor project in the St. Cloud area. The bill directs the commissioner of management and budget to sell and issue state bonds to provide the funding, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bonds will be issued up to the amount of $8,750,000, and the bill becomes effective immediately after its final enactment. This type of legislation is a typical mechanism for funding local infrastructure improvements through state-backed bond financing, allowing counties to undertake significant transportation projects that might otherwise be financially challenging to complete.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Capital Investment (on 01/30/2025)

bill text


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