Bill > HF2450

This bill provides funding and authorizes bond issuance for the Small Cities Assistance Program, which is a state transportation initiative. Specifically, the bill appropriates $25,000,000 from bond proceeds to the Minnesota commissioner of transportation for the program, which is established under Minnesota Statutes section 162.145. The commissioner of management and budget is authorized to sell and issue state bonds up to $25,000,000 to fund this appropriation, following the procedures outlined in Minnesota Statutes sections 16A.631 to 16A.675 and in alignment with the Minnesota Constitution's provisions on state bonding. The bill becomes effective immediately after it is enacted, meaning it will take effect the day after it receives final legislative approval. The purpose of the Small Cities Assistance Program is likely to provide transportation infrastructure support or improvements for smaller municipalities in Minnesota, though the specific details of the program are not elaborated in this bill text.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2450&ssn=0&y=2025