Purpose of the Bill

The purpose of this bill is to secure funding for road improvements in the city of Hendrum, Minnesota, by allocating state resources and utilizing state bonds.

Main Provisions

• Appropriation of Funds: The bill allocates $2,000,000 from the bond proceeds account in the state transportation fund. This money is designated for a grant to the city of Hendrum specifically for local road improvements.
• Road Improvement Projects: The funding is intended for various projects including paving gravel streets, rehabilitating asphalt, and reconstructing damaged roads.

Significant Changes to Existing Law

• Bond Issuance: The bill authorizes the sale and issuance of state bonds up to the amount of $2,000,000. The procedure for the sale and issuance of these bonds will follow existing Minnesota Statutes sections 16A.631 to 16A.675 and the state's constitutional guidelines.

Relevant Terms

• Capital investment
• Road improvements
• State bonds
• Appropriation
• City of Hendrum
• Transportation fund