Bill > SF3263

This bill provides $2,000,000 in state bond funding for road improvements in the city of Hendrum, Minnesota. The appropriation, which will come from the state transportation fund's bond proceeds account, is specifically designated to support local infrastructure projects such as paving gravel streets, rehabilitating existing asphalt surfaces, and reconstructing damaged roads. The bill authorizes the commissioner of management and budget to sell and issue state bonds up to the $2,000,000 amount, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bonds will be sold according to established financial guidelines, and the legislation becomes effective immediately after final enactment. This type of bill is a common method for state governments to fund local infrastructure improvements by providing direct grants and using state-issued bonds to finance the project.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF3263&ssn=0&y=2025