SF1362

Senate File No. 1362 is a proposed law that plans to allocate $153,000,000 in 2025 from Minnesota’s general fund to the state’s transportation commissioner. This money will be used as matching funds required by the federal government under the Infrastructure Investment and Jobs Act (IIJA). This federal law focuses on funding improvements to various infrastructure projects around the country. The money provided by Minnesota will help the state secure additional federal funding. The fund is designated for one-time use and must be utilized by June 30, 2029, as per the specific rules laid out in previous state laws. This move is strategically aimed at enhancing transportation infrastructure by leveraging federal funds alongside state money.