SF480 (Legislative Session 94 (2025-2026))
Corridors of commerce program bond issue and appropriation
AI Generated Summary
Senate SF No 480 is a legislative bill that aims to support Minnesota's transportation infrastructure by allocating funds to the Corridors of Commerce program. The bill proposes that $100 million be given for this purpose, and this money will come from the sale of state bonds. The process of selling these bonds and the conditions attached to them are outlined in the bill, adhering to existing state laws and constitutional guidelines. This initiative is designed to enhance significant trade and travel routes across Minnesota, benefiting economic activities and connectivity.
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 | Capital Investment |
Citations
[
{
"analysis": {
"added": [
"Funding provision for corridors of commerce program."
],
"removed": [],
"summary": "This bill appropriates $100,000,000 for the corridors of commerce program under section 161.088.",
"modified": []
},
"citation": "161.088"
},
{
"analysis": {
"added": [
"Authorization for bond sale to support funding."
],
"removed": [],
"summary": "This bill authorizes the sale and issuance of state bonds under sections 16A.631 to 16A.675.",
"modified": []
},
"citation": "16A.631"
},
{
"analysis": {
"added": [
"Details terms for bond issuance."
],
"removed": [],
"summary": "This bill outlines the terms for bond issuance in conjunction with sections 16A.631 and 16A.675.",
"modified": []
},
"citation": "16A.675"
}
]