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HF2827 (Legislative Session 94 (2025-2026))

Greater Minnesota transit systems capital improvements funding provided, bonds issued, and money appropriated.

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

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 25, 2025HouseFloorActionIntroduction and first reading, referred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [
        "Appropriation for acquiring property and predesigning, constructing, furnishing, and equipping transit facilities."
      ],
      "removed": [
        ""
      ],
      "summary": "The bill appropriates money for capital assistance for greater Minnesota transit systems under section 174.24, subdivision 3c.",
      "modified": [
        ""
      ]
    },
    "citation": "174.24",
    "subdivision": "subdivision 3c"
  },
  {
    "analysis": {
      "added": [
        "Authorization for the sale and issuance of state bonds up to $10,000,000."
      ],
      "removed": [
        ""
      ],
      "summary": "The bill authorizes bond sales under sections 16A.631 to 16A.675.",
      "modified": [
        ""
      ]
    },
    "citation": "16A.631 to 16A.675",
    "subdivision": ""
  }
]

Sponsors