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MN HF1537
MN HF1537Port development assistance program funding provided, bonds issued, and money appropriated.
summary
Introduced
02/26/2025
02/26/2025
In Committee
02/26/2025
02/26/2025
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 port development assistance program; authorizing the sale and issuance of state bonds.
AI Summary
This bill provides funding and authorizes bond sales for the Port Development Assistance Program in Minnesota. Specifically, the bill appropriates $44,000,000 from bond proceeds to the commissioner of transportation to support port development projects. The legislation requires that any improvements funded through these grants must be publicly owned. To finance this appropriation, the commissioner of management and budget is authorized to sell and issue state bonds up to $44,000,000, following the procedures outlined in Minnesota Statutes and the state constitution. The bill's provisions will take effect immediately after final enactment. The Port Development Assistance Program, established under Minnesota Statutes chapter 457A, aims to support infrastructure and development projects in Minnesota's port areas, which can help improve local transportation, economic development, and maritime infrastructure.
Committee Categories
Budget and Finance
Sponsors (5)
Pete Johnson (D)*,
Rick Hansen (D),
Liish Kozlowski (D),
María Isa Pérez-Vega (D),
Aaron Repinski (R),
Last Action
Introduction and first reading, referred to Capital Investment (on 02/26/2025)
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=HF1537&ssn=0&y=2025 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF1537&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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