Bill > SF1134

This bill provides $44 million in bond funding for Minnesota's Port Development Assistance Program, which supports port infrastructure improvements. The appropriation will be used specifically for grants to develop and enhance port facilities, with a requirement that any improvements funded through these grants must be publicly owned. The commissioner of management and budget is authorized to sell and issue state bonds up to $44 million to finance these grants, following the standard procedures outlined in Minnesota Statutes sections 16A.631 to 16A.675 and in alignment with the state constitution's bonding provisions. The bill's provisions will take effect the day after it is finally enacted, enabling the state to immediately begin the process of issuing bonds and distributing funds to support port development projects. The Port Development Assistance Program is designed to help improve maritime infrastructure, potentially supporting economic development and transportation efficiency in port communities.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1134&ssn=0&y=2025