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SF1104 (Legislative Session 94 (2025-2026))

Corridors of commerce program appropriation

AI Generated Summary

This legislative bill, S.F. No. 1104, proposes the following actions for the state of Minnesota:

  1. Funding for Transportation: It allocates $300,000,000 from the trunk highway fund to the "Corridors of Commerce" program, which is designed to improve major transportation routes critical for economic success in Minnesota.

  2. Use of Funds: The transportation commissioner is allowed to use up to 17% of this funding for the delivery of the program, covering administrative and management costs.

  3. Issuance of Bonds: To raise the necessary funds, the bill authorizes the state's commissioner of management and budget to sell and issue trunk highway bonds up to the amount of $300,000,000. The sales and terms of these bonds are governed by specific statutes and constitutional provisions.

In summary, the bill is focused on improving Minnesota's transportation infrastructure by investing in vital corridors, supported through the issuance of state bonds.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 05, 2025SenateFloorActionIntroduction and first reading
February 05, 2025SenateFloorActionReferred toTransportation

Citations

 
[
  {
    "analysis": {
      "added": [
        "Authorization of appropriation from bond proceeds for corridor projects."
      ],
      "removed": [],
      "summary": "This section refers to funding for the corridors of commerce program under section 161.088.",
      "modified": []
    },
    "citation": "161.088"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill adheres to the bond issuance process as prescribed in sections 167.50 to 167.52.",
      "modified": [
        "Specification of bond sale terms and conditions."
      ]
    },
    "citation": "167.50 to 167.52"
  }
]

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