summary
Introduced
03/06/2025
03/06/2025
In Committee
03/06/2025
03/06/2025
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to capital investment; appropriating money for local roads and bridges; authorizing the sale and issuance of general obligation bonds.
AI Summary
This bill authorizes a $400 million state bond issuance to fund transportation infrastructure improvements, specifically allocating $250 million to the Local Road Improvement Program and $150 million to the Local Bridge Replacement Program. The road improvement funds can be used for three purposes: improvements on trunk highway corridor projects, construction and reconstruction of local roads with statewide or regional significance, and grants to counties for rural road safety capital improvement projects on county state-aid highways. The bridge replacement funds will be used by the transportation commissioner to rehabilitate, construct, or reconstruct bridges. The commissioner of management and budget is directed to sell and issue state bonds to provide these funds, following established state constitutional and statutory guidelines for bond issuance. This bill aims to support infrastructure development and maintenance at the local and regional level by providing significant financial resources for road and bridge projects.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Capital Investment (on 03/06/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2185&ssn=0&y=2025 |
BillText | https://www.revisor.mn.gov/bills/text.php?number=SF2185&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
Loading...