1.1 A bill for an act
1.2 relating to capital investment; appropriating money for town roads and bridges;
1.3 authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. TOWN ROADS AND BRIDGES; APPROPRIATION.
1.6 Subdivision 1.Town roads and bridges; appropriation.$35,000,000 is appropriated
1.7from the bond proceeds fund to the commissioner of transportation for town roads and
1.8bridges, to be distributed in the manner provided under Minnesota Statutes, section 162.081.
1.9Of this amount, $25,000,000 is for town roads and $10,000,000 is for town bridges.
1.10 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.11proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.12the state in an amount up to $35,000,000 in the manner, upon the terms, and with the effect
1.13prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.14Constitution, article XI, sections 4 to 7.
1.15 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
REVISOR JSK/VJ 25-0115312/09/24
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 255
NINETY-FOURTH SESSION
Authored by Murphy, Jacob, Allen, Altendorf, Fogelman and others01/23/2025
The bill was read for the first time and referred to the Committee on Capital Investment