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MN HF959

MN HF959
Freeport; Interstate Highway 94 new interchange funding provided, bonds issued, and money appropriated.


summary

Introduced
02/17/2025
In Committee
02/17/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for a new interchange on Interstate Highway 94 in the city of Freeport; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides $6,000,000 in state bond funding for the city of Freeport to reconstruct the intersection of Interstate Highway 94 and 1st Avenue. The appropriation covers a comprehensive project including preliminary and final design, engineering, permitting, demolishing an existing bridge, constructing a new interchange, and supporting infrastructure such as pedestrian safety improvements, public utilities, and stormwater management. The bill authorizes the commissioner of management and budget to sell and issue state bonds up to $6,000,000 to finance the project, following standard state bonding procedures outlined in Minnesota Statutes. The bill is exempt from certain standard bonding requirements, which may expedite the funding process. The funding and bonding provisions will take effect immediately after the bill is enacted, allowing the city of Freeport to proceed with the highway interchange reconstruction project.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Hearing (10:15:00 4/10/2025 ) (on 04/10/2025)

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