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MN SF1403
Greater Minnesota transit systems capital improvements bond issue and appropriation
summary
Introduced
02/13/2025
02/13/2025
In Committee
02/13/2025
02/13/2025
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to capital investment; appropriating money for capital improvements for greater Minnesota transit systems; authorizing the sale and issuance of state bonds.
AI Summary
This bill provides $10 million in state bond funding specifically for capital improvements to transit systems in Greater Minnesota. The funding can be used to acquire property, predesign, construct, furnish, and equip transit facilities, in accordance with existing state transportation regulations. The commissioner of management and budget is authorized to sell and issue state bonds up to $10 million to finance these improvements, following standard state bonding procedures outlined in Minnesota Statutes. The bonds will be issued in compliance with constitutional requirements, and the bill becomes effective immediately after it is enacted. By focusing on transit infrastructure outside the metropolitan area, the bill aims to enhance transportation services and capabilities in rural and smaller urban areas of Minnesota, potentially improving mobility and accessibility for residents in these regions.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Referred to Capital Investment (on 02/13/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1403&ssn=0&y=2025 |
BillText | https://www.revisor.mn.gov/bills/text.php?number=SF1403&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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