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HF2718 (Legislative Session 94 (2025-2026))

Minneapolis; Grand Rounds Missing Link trail connection funding provided, bonds issued, and money appropriated.

Related bill: SF2927

AI Generated Summary

Purpose of the Bill

This bill aims to fund the creation of a trail connection in Minneapolis, specifically completing the "Grand Rounds Missing Link." It also details how the project will be financed through bonds.

Main Provisions

  • Appropriation of Funds: The bill allocates $6,800,000 from the bond proceeds fund to the Metropolitan Council. This money will be used as a grant for the Minneapolis Park and Recreation Board.
  • Project Objective: The funds are for designing and constructing trail connections and related enhancements on the east side of Minneapolis, between East River Road and St. Anthony Parkway.

Significant Changes

  • Financing Through Bonds: The bill empowers the commissioner of management and budget to sell and issue state bonds up to $6,800,000. This is intended to cover the project's costs, in alignment with Minnesota Statutes and the state Constitution.

Relevant Terms

  • Capital investment
  • Grand Rounds Missing Link
  • Minneapolis Park and Recreation Board
  • Metropolitan Council
  • State bonds
  • Trail connection

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 23, 2025HouseFloorActionIntroduction and first reading, referred toCapital Investment
March 23, 2025HouseFloorActionIntroduction and first reading, referred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This section relates to procedures for issuing state bonds.",
      "modified": []
    },
    "citation": "16A.631",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This section addresses the terms and conditions for issuance of bonds.",
      "modified": []
    },
    "citation": "16A.675",
    "subdivision": ""
  }
]

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