1.1 A bill for an act
1.2 relating to capital investment; appropriating money for the small cities assistance
1.3 program; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. SMALL CITIES ASSISTANCE PROGRAM.
1.6 Subdivision 1.Appropriation.$25,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of transportation for the small cities assistance program under
1.8Minnesota Statutes, section 162.145.
1.9 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.10proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.11the state in an amount up to $25,000,000 in the manner, upon the terms, and with the effect
1.12prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.13Constitution, article XI, sections 4 to 7.
1.14 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
REVISOR JSK/VJ 25-0115612/10/24
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 2450
NINETY-FOURTH SESSION
Authored by Skraba03/17/2025
The bill was read for the first time and referred to the Committee on Capital Investment