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MN HF1173
MN HF1173Transportation economic development infrastructure program funding provided, bonds issued, and money appropriated.
summary
Introduced
02/19/2025
02/19/2025
In Committee
02/19/2025
02/19/2025
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 transportation economic development infrastructure program; authorizing the sale and issuance of state bonds.
AI Summary
This bill provides funding and authorizes the sale of state bonds for the Transportation Economic Development Infrastructure Program. Specifically, the bill appropriates $5,000,000 from bond proceeds to the commissioner of transportation to be used for grants under Minnesota Statutes, section 116J.436, which supports economic development infrastructure projects. The commissioner of management and budget is authorized to sell and issue up to $5,000,000 in state bonds to fund these grants, following the procedures outlined in Minnesota Statutes, sections 16A.631 to 16A.675, and in accordance with the Minnesota Constitution's provisions on state bonding. The bill will take effect the day after it is finally enacted, providing immediate financial support for transportation-related economic development initiatives in the state.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduction and first reading, referred to Capital Investment (on 02/19/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1173&ssn=0&y=2025 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF1173&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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