SF29 (Legislative Session 94 (2025-2026))

Small cities assistance program bond issue and appropriation

Related bill: HF2450

AI Generated Summary

Senate File No. 29 is a legislative bill primarily designed to support smaller cities in Minnesota by gathering funds through state bonds. The bill involves an appropriation of $25,000,000 from the bond proceeds fund, which will be allocated to the Small Cities Assistance Program under the guidance of the Minnesota Commissioner of Transportation. To gather these funds, the bill authorizes the Minnesota Commissioner of Management and Budget to sell and issue state bonds up to the amount of $25,000,000. The bond issuance and sale are to be conducted in accordance with specific state statutes and constitutional guidelines. This financial initiative is aimed at supporting infrastructure or other capital investment needs of small cities across Minnesota.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
January 15, 2025SenateFloorActionIntroduction and first reading
January 15, 2025SenateFloorActionReferred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [
        "Funds from bond proceeds allocated to small cities assistance."
      ],
      "removed": [],
      "summary": "This section refers to the appropriation of funds for the small cities assistance program under section 162.145.",
      "modified": []
    },
    "citation": "162.145"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "These sections outline the provisions for selling and issuing state bonds.",
      "modified": []
    },
    "citation": "16A.631 to 16A.675"
  }
]