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SF2079 (Legislative Session 94 (2025-2026))

Trunk Highway 55 in Hennepin County project bond issue and appropriation

Related bill: HF1921

AI Generated Summary

This Minnesota Senate bill (S.F. No. 2079) proposes funding for a transportation project on Trunk Highway 55 in Hennepin County. The bill appropriates $55 million from the bond proceeds account in the trunk highway fund to the Commissioner of Transportation for acquiring right-of-way, engineering, and reconstructing a section of the highway into a four-lane divided road. The project spans from Arrowhead Drive in Medina to Hennepin County State-Aid Highway 19 near Loretto.

To finance this appropriation, the bill authorizes the Commissioner of Management and Budget to sell and issue up to $55 million in state bonds. The proceeds from these bonds will be deposited into the trunk highway fund for the designated project. The issuance and management of the bonds will follow the provisions outlined in Minnesota Statutes and the state constitution.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 02, 2025SenateFloorActionIntroduction and first reading
March 02, 2025SenateFloorActionReferred toTransportation

Citations

 
[
  {
    "analysis": {
      "added": [
        "Authorization to sell and issue bonds for Trunk Highway 55 project."
      ],
      "removed": [
        "No removal of existing provisions in these sections."
      ],
      "summary": "The bill provides the terms for the sale and issuance of state bonds under sections 167.50 to 167.52 for financing the highway project.",
      "modified": [
        "Focused on bond sale terms applicable to the current project."
      ]
    },
    "citation": "167.50 to 167.52"
  }
]

Sponsors