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Bill > SF2130


MN SF2130

Metropolitan regional parks and trails bond issuance and appropriation


summary

Introduced
03/03/2025
In Committee
03/03/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for metropolitan regional parks and trails; authorizing the sale and issuance of state bonds.

AI Summary

This bill authorizes the sale of $20 million in state bonds to fund metropolitan regional parks and trails improvements in Minnesota. Specifically, the Metropolitan Council will receive the bond proceeds to support capital improvements and land acquisition for regional recreational open spaces, in line with the council's existing policy plan. The bill explicitly prohibits using these funds to purchase easements. The commissioner of management and budget is directed to sell and issue the state bonds according to existing state statutes and constitutional provisions governing bond issuance. The bonds will provide funding for physical improvements and land acquisitions that expand or enhance regional park and trail systems within the metropolitan area. The bill becomes effective immediately after it is enacted, allowing for prompt implementation of the parks and trails funding initiative.

Committee Categories

Budget and Finance

Sponsors (5)

Last Action

Referred to Capital Investment (on 03/03/2025)

bill text


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