HF2827
Greater Minnesota transit systems capital improvements funding provided, bonds issued, and money appropriated.
Legislative Session 94 (2025-2026)
Related bill: SF1403
AI Generated Summary
Purpose of the Bill
The bill aims to support public transportation in greater Minnesota by providing funding for capital improvements to transit systems. This involves helping to acquire property, as well as designing, building, furnishing, and equipping transit facilities.
Main Provisions
Appropriation of Funds: The bill proposes to allocate $10 million from the bond proceeds fund. This amount is specifically designated for the commissioner of transportation to assist with the development and enhancement of public transit facilities in greater Minnesota.
Issuance of Bonds: To finance the $10 million appropriation, the commissioner of management and budget is authorized to sell and issue state bonds. This will be done according to the established procedures and regulations outlined in the Minnesota Statutes and Constitution.
Significant Changes to Existing Law
The bill does not revise any existing laws but provides specific funding and borrowing authority under current legal frameworks to enhance transit infrastructure.
Relevant Terms
- Capital investment
- Greater Minnesota transit
- Public transportation
- State bonds
- Bond proceeds fund
- Transportation infrastructure
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 26, 2025 | House | Action | Introduction and first reading, referred to | Capital Investment | |
| Showing the 5 most recent stages. This bill has 1 stages in total. Log in to view all stages | |||||
Citations
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Progress through the legislative process
Sponsors
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