SF295 (Legislative Session 94 (2025-2026))
Transportation economic development program grants bond issuance and appropriation
Related bill: HF2075
AI Generated Summary
This legislative bill from Minnesota is about funding transportation projects that support economic development. It proposes allocating $15,000,000 for the transportation economic development program. This money will come from selling bonds, which are a way for the state to borrow money that it will repay later. The funds raised from these bonds will be specifically used for transportation projects that can help boost the economy. The bill outlines the necessary steps and regulations to handle the sale and use of these bonds effectively.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 20, 2025 | Senate | Floor | Action | Introduction and first reading | |
| January 20, 2025 | Senate | Floor | Action | Referred to | Transportation |
Citations
[
{
"analysis": {
"added": [
"New funding of $15,000,000 from bond proceeds for transportation development."
],
"removed": [],
"summary": "This section allocates appropriations for the transportation economic development program.",
"modified": []
},
"citation": "174.12"
},
{
"analysis": {
"added": [
"Instructions for selling up to $15,000,000 in bonds."
],
"removed": [],
"summary": "Prescribes the sale and issuance of trunk highway bonds, specifically for funding appropriations.",
"modified": []
},
"citation": "167.50"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This provides terms for the sale and management of state-issued bonds.",
"modified": [
"Clarifies the bond sale process linked to Section 167.50."
]
},
"citation": "167.51"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Details the general provisions relating to state trunk highway bonds.",
"modified": [
"Aligns bond issuance with existing constitutional and statutory requirements."
]
},
"citation": "167.52"
}
]