Bill > SF1403

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.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1403&ssn=0&y=2025