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HF4865

Northfield; marked Trunk Highway 19 intersection roundabout funding provided, bonds issued, and money appropriated.
Legislative Session 94 (2025-2026)

Related bill: SF351

AI Generated Summary

Purpose

This bill provides funding to design and build a roundabout at the intersection of marked Trunk Highway 19 and Armstrong Road in Northfield. It does this by appropriating money from the trunk highway fund’s bond proceeds account and by authorizing the sale of state bonds to cover the project cost up to $4,070,000.

Main provisions

  • Appropriation: Appropriates 4,070,000 from the bond proceeds account in the trunk highway fund to the commissioner of transportation to design and construct the roundabout at the TH 19 and Armstrong Road intersection in Northfield. The amount covers the portion of the project eligible to use trunk highway bond proceeds.
  • Bond sale: Requires the commissioner of management and budget to sell and issue state bonds up to 4,070,000 in the manner and terms set by state law (Minnesota Statutes sections 167.50 to 167.52) and the Minnesota Constitution (Article XIV, section 11). The timing and amount of bond issuance are to be requested by the commissioner of transportation.
  • Use of bond proceeds: Proceeds from the bond sale, excluding accrued interest and any premium, must be deposited into the bond proceeds account in the trunk highway fund.

Financial and legal framework

  • Funding source: The trunk highway fund, specifically the bond proceeds account, is used to finance the project.
  • Legal references: The bond issuance follows Minnesota Statutes 167.50–167.52 and the Minnesota Constitution Article XIV, Section 11.
  • Proceeds handling: Accrued interest and any premium from the bond sale are not deposited into the bond proceeds account; those amounts are handled separately as permitted by law.

Expected impact

  • Infrastructure advancement: Establishes funding to design and construct a roundabout at the TH 19 and Armstrong Road intersection in Northfield, improving traffic flow and safety at that location.

Significance and changes to law

  • Financing mechanism: Creates a new appropriation and bond authorization to fund this specific roundabout project.
  • Legal alignment: Ties funding to existing trunk highway bond procedures and constitutional authority for bond issuance.

Relevant Terms

roundabout, Trunk Highway 19, Armstrong Road, Northfield, appropriation, bond proceeds account, trunk highway fund, bonds, bond sale, design and construction, commissioner of transportation, commissioner of management and budget, Minnesota Statutes 167.50 to 167.52, Minnesota Constitution Article XIV, Section 11, accrued interest, premium

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
April 07, 2026HouseActionIntroduction and first reading, referred toTransportation Finance and Policy

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill cites Minnesota Statutes sections 167.50 to 167.52 as authority for the sale and issuance of state bonds for the Northfield Trunk Highway 19 roundabout project.",
      "modified": []
    },
    "citation": "167.50 to 167.52",
    "subdivision": ""
  }
]

Progress through the legislative process

17%
In Committee

Sponsors

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