SF502

Senate File No. 502 is a proposed bill in Minnesota that focuses on funding improvements for the Nicollet Avenue Bridge over Minnehaha Creek in Minneapolis. The bill allocates $17,000,000 from state bonds to finance the repair, renovation, and construction of the bridge. The funds will be managed by the commissioner of transportation and are contingent on additional resources being secured from non-state sources to ensure the completion of the project. To raise this money, the commissioner of management and budget will issue state bonds as specified by certain sections of Minnesota law and the state constitution.