Bill > SF1279

This bill establishes a transportation economic development infrastructure program by appropriating $5,000,000 from bond proceeds to the commissioner of transportation for grants under Minnesota Statutes, section 116J.436. To fund this appropriation, the commissioner of management and budget is authorized to sell and issue state bonds up to $5,000,000, following the procedures outlined in Minnesota Statutes, sections 16A.631 to 16A.675, and in alignment with the Minnesota Constitution's provisions on state bonding (article XI, sections 4 to 7). The bill is designed to support economic development through transportation infrastructure investments, with the appropriated funds to be used as grants that likely aim to improve transportation-related infrastructure in ways that can stimulate economic growth. The bill becomes effective the day after its final enactment, allowing for immediate implementation of the bond sale and grant program.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1279&ssn=0&y=2025