| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to transportation; appropriating money for the corridors of commerce |
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| 3 | 3 | | 1.3 program; authorizing the sale and issuance of trunk highway bonds. |
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| 4 | 4 | | 1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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| 5 | 5 | | 1.5 Section 1. CORRIDORS OF COMMERCE. |
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| 6 | 6 | | 1.6 Subdivision 1.Appropriation.$300,000,000 is appropriated from the bond proceeds |
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| 7 | 7 | | 1.7account in the trunk highway fund to the commissioner of transportation for the corridors |
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| 8 | 8 | | 1.8of commerce program under Minnesota Statutes, section 161.088. The commissioner may |
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| 9 | 9 | | 1.9use up to 17 percent of the amount for program delivery. |
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| 10 | 10 | | 1.10 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond |
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| 11 | 11 | | 1.11proceeds account in the trunk highway fund, the commissioner of management and budget |
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| 12 | 12 | | 1.12must sell and issue bonds of the state in an amount up to $300,000,000 in the manner, upon |
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| 13 | 13 | | 1.13the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52, |
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| 14 | 14 | | 1.14and by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts |
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| 15 | 15 | | 1.15requested by the commissioner of transportation. The proceeds of the bonds, except accrued |
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| 16 | 16 | | 1.16interest and any premium received from the sale of the bonds, must be deposited in the bond |
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| 17 | 17 | | 1.17proceeds account in the trunk highway fund. |
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| 18 | 18 | | 1Section 1. |
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| 19 | 19 | | 25-00380 as introduced11/12/24 REVISOR KRB/HL |
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| 20 | 20 | | SENATE |
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| 21 | 21 | | STATE OF MINNESOTA |
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| 22 | 22 | | S.F. No. 1104NINETY-FOURTH SESSION |
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| 23 | 23 | | (SENATE AUTHORS: KREUN, Dibble and Jasinski) |
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| 24 | 24 | | OFFICIAL STATUSD-PGDATE |
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| 25 | 25 | | Introduction and first reading02/06/2025 |
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| 26 | 26 | | Referred to Transportation |
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