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MN HF1453

MN HF1453
Minnesota Valley Regional Rail Authority funding provided, bonds issued, and money appropriated.


summary

Introduced
02/24/2025
In Committee
02/24/2025
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 Minnesota Valley Regional Rail Authority; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides a $15,000,000 appropriation from bond proceeds to the Minnesota Valley Regional Rail Authority to rehabilitate railroad track between Winthrop and Hanley Falls. The funding can be used for environmental documentation, remediation, predesign, design, and rehabilitation or replacement of bridges and culverts along this route. The grant may also be used as matching funds for federal grants and is in addition to previous rail authority appropriations made in various legislative sessions. The commissioner of management and budget is authorized to sell and issue state bonds up to $15,000,000 to fund this project, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill becomes effective immediately after final enactment, providing financial support for regional rail infrastructure improvements in the Minnesota Valley area.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Author added Virnig (on 02/26/2025)

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