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MN SF1644

Hennepin Avenue suspension bridge reconstruction bond issue and appropriation


summary

Introduced
02/20/2025
In Committee
02/20/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for reconstruction of the Hennepin Avenue suspension bridge; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides an $8,600,000 state bond appropriation for Phase 2 of the Hennepin Avenue Suspension Bridge reconstruction project in Minneapolis, Minnesota. The funds, which will be raised through the sale of state bonds, will be granted to Hennepin County and can be used for design engineering, construction engineering, bridge reconstruction, and roadway approach work, including right-of-way acquisition. The Minnesota commissioner of management and budget is authorized to sell and issue the bonds in accordance with state statutes and constitutional guidelines. The bonds will be issued from the state transportation fund, with the bond proceeds (excluding accrued interest and any premium) being credited to the bond proceeds account in that fund. The bill becomes effective immediately after its final enactment, providing immediate funding support for this critical infrastructure project to restore an iconic and historic bridge in Minneapolis.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

Referred to Capital Investment (on 02/20/2025)

bill text


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