SF2096 (Legislative Session 94 (2025-2026))
Corridors of commerce program bond issue and appropriation
AI Generated Summary
This bill (S.F. No. 2096) relates to transportation capital investment in Minnesota. It appropriates $400 million from the bond proceeds account in the trunk highway fund for the Corridors of Commerce program under Minnesota Statutes, section 161.088.
The bill also authorizes the sale and issuance of trunk highway bonds by the commissioner of management and budget to fund the appropriation. The proceeds from these bonds, except for accrued interest and any premium received, must be deposited into the bond proceeds account in the trunk highway fund. Additionally, the commissioner of transportation may use up to 17% of the funds for program delivery.
Essentially, this legislation aims to fund highway projects that enhance transportation and commerce in the state through bond financing.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 02, 2025 | Senate | Floor | Action | Introduction and first reading | |
| March 02, 2025 | Senate | Floor | Action | Referred to | Transportation |
Citations
[
{
"analysis": {
"added": [
"A new appropriation of $400,000,000 from the bond proceeds account."
],
"removed": [],
"summary": "The bill appropriates funds for the corridors of commerce program under section 161.088.",
"modified": [
"Allows up to 17% of the amount for program delivery."
]
},
"citation": "161.088"
},
{
"analysis": {
"added": [
"Details related to the sale and issuance of trunk highway bonds."
],
"removed": [],
"summary": "The bill describes the bond sale process in accordance with sections 167.50 to 167.52.",
"modified": []
},
"citation": "167.50 to 167.52"
}
]