Bill > HF2075

This bill provides funding and authorization for the Transportation Economic Development Program by appropriating $15,000,000 from the bond proceeds account in the trunk highway fund. Specifically, the commissioner of transportation is allocated this funding for grants under the existing transportation economic development program, which is designed to support transportation-related economic development initiatives. To secure these funds, the commissioner of management and budget is authorized to sell and issue state bonds up to $15,000,000, following established procedures outlined in Minnesota Statutes sections 167.50 to 167.52 and consistent with the Minnesota Constitution. The bond proceeds, excluding accrued interest and any premium, will be deposited directly into the bond proceeds account in the trunk highway fund. This bill enables the state to support transportation infrastructure and economic growth by providing dedicated funding through a bonding mechanism.

Transportation and Infrastructure

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2075&ssn=0&y=2025