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SF887 (Legislative Session 94 (2025-2026))

Minnesota Valley Regional Rail Authority bond issue and appropriation

Related bill: HF1453

AI Generated Summary

Senate Bill 887 proposes to dedicate $15 million to the Minnesota Valley Regional Rail Authority for improvements to a section of railroad track between Winthrop and Hanley Falls. The funds are intended to cover the costs associated with environmental assessments, the design process, and the actual rehabilitation or replacement of the railroad track and associated structures like bridges or culverts. Additionally, part of this money can be used to match federal grant funds, if required.

The bill authorizes the state's commissioner of management and budget to issue bonds to raise the $15 million needed for this project. Previous laws had also provided funding for similar purposes, and this bill adds to those funds.

This legislative action involves both the allocation of new state funds and the authorization for the state to issue bonds to financially support the improvement of this regional transportation infrastructure.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 02, 2025SenateFloorActionIntroduction and first reading
February 02, 2025SenateFloorActionReferred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [
        "Additional appropriation for the Minnesota Valley Regional Rail Authority project."
      ],
      "removed": [],
      "summary": "The bill refers to existing statutes that involve grants and loans for railroad rehabilitation projects.",
      "modified": []
    },
    "citation": "222.46 to 222.62"
  },
  {
    "analysis": {
      "added": [
        "Authorization for the sale and issuance of state bonds to fund the project."
      ],
      "removed": [],
      "summary": "These statutes pertain to the sale and issuance of state bonds.",
      "modified": []
    },
    "citation": "16A.631 to 16A.675"
  }
]

Sponsors