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Bill > HF2827
MN HF2827
MN HF2827Greater Minnesota transit systems capital improvements funding provided, bonds issued, and money appropriated.
summary
Introduced
03/26/2025
03/26/2025
In Committee
03/26/2025
03/26/2025
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to capital investment; appropriating money for capital improvements for greater Minnesota transit systems; authorizing the sale and issuance of state bonds.
AI Summary
This bill provides $10,000,000 in state bond funding specifically for capital improvements to transit systems in Greater Minnesota. The appropriation will help publicly owned transit systems acquire property and complete capital projects such as predesigning, constructing, furnishing, and equipping transit facilities, in accordance with Minnesota Statutes section 174.24, subdivision 3c. The commissioner of management and budget is authorized to sell and issue state bonds up to $10,000,000 to fund these improvements, following standard state bonding procedures outlined in Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution. The bill's provisions will take effect immediately after final enactment, enabling transit systems in regions outside the Minneapolis-Saint Paul metropolitan area to invest in infrastructure and facility upgrades to improve transportation services for their communities.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Introduction and first reading, referred to Capital Investment (on 03/26/2025)
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=HF2827&ssn=0&y=2025 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF2827&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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