SF2450 (Legislative Session 94 (2025-2026))
City of Champlin Elm Creek Greenway Trail Corridor new segment bond issuance and appropriation
Related bill: HF2041
AI Generated Summary
Purpose
The purpose of this bill is to allocate funds for the development of a new segment of the Elm Creek Greenway Trail Corridor in the city of Champlin, Minnesota, connecting Mississippi Crossings to the Elm Creek Park Reserve.
Main Provisions
- Funding Appropriation: The bill proposes that $500,000 be appropriated from the state's bond proceeds fund. This money will be used by the Metropolitan Council to provide a grant to the City of Champlin.
- Acquisition and Predesign: The funds will be used specifically for property and easement acquisition as well as the predesign phase of the trail's development.
- Existing Appropriation: The funding is an addition to a previous appropriation provided in Laws 2023.
Significant Changes
- Bond Sale Authorization: The bill authorizes the sale and issuance of state bonds up to the amount required for the project. The implementation of the bond sale will follow the guidelines outlined in Minnesota Statutes sections concerning public debt and the Minnesota Constitution's articles regarding state finances.
Relevant Terms
- Capital investment
- Elm Creek Greenway Trail Corridor
- Bond proceeds fund
- Metropolitan Council
- Property acquisition
- Easement acquisition
- Predesign
- Bond sale
- State bonds
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 12, 2025 | Senate | Floor | Action | Introduction and first reading | |
| March 12, 2025 | Senate | Floor | Action | Referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill refers to the procedures for the issuance of state bonds as defined in Minnesota Statutes sections 16A.631 to 16A.675.",
"modified": []
},
"citation": "16A.631 to 16A.675"
}
]