Bill > SF1104

This bill appropriates $300,000,000 from the trunk highway fund's bond proceeds account to the Minnesota Department of Transportation for the Corridors of Commerce program, which is designed to improve transportation infrastructure. The commissioner of transportation is authorized to use up to 17 percent of the appropriated funds for program delivery costs. To fund this appropriation, the commissioner of management and budget is required to sell and issue state bonds up to $300,000,000, following specific legal procedures outlined in Minnesota Statutes sections 167.50 to 167.52 and the state constitution. The bond proceeds, excluding accrued interest and any premium, will be deposited directly into the trunk highway fund's bond proceeds account. This legislation aims to support ongoing transportation infrastructure improvements by providing significant funding for strategic transportation corridor enhancements.

Transportation and Infrastructure

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1104&ssn=0&y=2025