SF247 (Legislative Session 94 (2025-2026))
State park and recreation are acquisition bond issue and appropriation
Related bill: HF1314
AI Generated Summary
This bill, titled SF No 247, proposes to allocate $10,000,000 from the state’s bond proceeds fund. This money will be used by the commissioner of natural resources to purchase private lands currently within established state parks and state recreation areas in Minnesota. The objective is to potentially develop new state parks or expand existing ones. To fund this appropriation, the bill also authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $10,000,000. The process for issuing these bonds will adhere to specific guidelines set out by Minnesota law and the Minnesota Constitution.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 15, 2025 | Senate | Floor | Action | Introduction and first reading | |
| January 15, 2025 | Senate | Floor | Action | Referred to | Capital Investment |
| March 05, 2025 | Senate | Floor | Action | Author added |
Citations
[
{
"analysis": {
"added": [
"Includes new compliance checks for bond sales."
],
"removed": [
"Removal of outdated reporting requirements for bond proceeds."
],
"summary": "Sets forth the procedural requirements for the sale of state bonds, ensuring that proceeds are directed to capital investment projects.",
"modified": [
"Adjustments to terms of bond issuance to align with current economic conditions."
]
},
"citation": "16A.631"
},
{
"analysis": {
"added": [
"Inclusion of stricter oversight measures for expenditure tracking."
],
"removed": [
"Eliminates previously mandated reserve funds specific to certain types of bonds."
],
"summary": "Outlines the management of bond proceeds and their allocation towards authorized projects.",
"modified": [
"Updates to allocation procedures to enhance fiscal responsibility and transparency."
]
},
"citation": "16A.675"
}
]