Bill > SF1244

This bill appropriates $825,000 in state bond funding to reconstruct the driver training track at Dakota County Technical College. The bill authorizes the commissioner of management and budget to sell and issue state bonds to finance the project, following standard state bonding procedures outlined in Minnesota Statutes sections 16A.631 to 16A.675 and in accordance with the Minnesota Constitution. The bonding process allows the state to borrow money for specific capital investment projects, in this case to improve the driver training facilities at the technical college. The bill specifies that the funding will come from the state bond proceeds fund and will be used specifically for reconstructing the driver training track. The legislation becomes effective immediately after it is enacted, which means the funding and bonding authorization will take effect as soon as the bill is signed into law.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1244&ssn=0&y=2025