SF1403 (Legislative Session 94 (2025-2026))
Greater Minnesota transit systems capital improvements bond issue and appropriation
Related bill: HF2827
AI Generated Summary
The bill S.F. No. 1403, introduced in the Minnesota Senate, involves allocating $10 million for improving public transportation systems in rural areas of Minnesota. This money will be used to acquire property and to design, construct, furnish, and equip facilities for these transit systems. To fund these improvements, the state will issue bonds, which involves borrowing money that will be paid back over time. This bill aims to enhance the infrastructure of transit systems in Greater Minnesota, making them more efficient and accessible.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 12, 2025 | Senate | Floor | Action | Introduction and first reading | |
| February 12, 2025 | Senate | Floor | Action | Referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [
"Provision for appropriation of capital assistance for transit systems."
],
"removed": [],
"summary": "This bill appropriates money for capital assistance for transit capital facilities under section 174.24 subdivision 3c.",
"modified": []
},
"citation": "174.24"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill authorizes the sale and issuance of bonds as prescribed by section 16A.631.",
"modified": []
},
"citation": "16A.631"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill references the terms for bond sale and issuance as per section 16A.675.",
"modified": []
},
"citation": "16A.675"
}
]