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Bill > SF1255


MN SF1255

Eveleth Progress Parkway project bond issue and appropriation


summary

Introduced
02/13/2025
In Committee
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 the Progress Parkway project in the city of Eveleth; authorizing the sale and issuance of state bonds.

AI Summary

This bill appropriates $8,000,000 from the state transportation fund bond proceeds to the commissioner of transportation for a specific infrastructure project in Eveleth, Minnesota. The funding will support the Progress Parkway project, which includes predesign, design, engineering, environmental analysis, land acquisition, construction, and reconstruction of a roadway. The project aims to improve intersections and realign and extend the road from U.S. Highway 53 and St. Louis County State-Aid Highway 142 to Trunk Highway 37 and Station 44 Road. This appropriation is in addition to a previous funding allocation for the same project in a 2023 law. The bill also authorizes the commissioner of management and budget to sell and issue state bonds up to $8,000,000 to fund the project, following standard state bonding procedures outlined in Minnesota Statutes. The bill would become effective the day after its final enactment.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Capital Investment (on 02/13/2025)

bill text


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