Bill > SF4098

This bill authorizes the state to sell and issue bonds, which are essentially loans, up to $6,000,000 to fund the construction of a specific section of the Root River State Trail, extending from the city of Preston to the city of Carimona. The money for this construction will come from the "bond proceeds fund," which is a fund established from the sale of these bonds. The Commissioner of Management and Budget is tasked with managing the sale and issuance of these bonds according to state laws and the Minnesota Constitution, which outline the procedures for borrowing money. This appropriation and authorization will take effect the day after the bill is officially passed into law.

Budget and Finance

https://www.revisor.mn.gov/bills/94/2026/0/SF/4098/