| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to capital investment; appropriating money for local roads and bridges; |
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| 3 | 3 | | 1.3 authorizing the sale and issuance of general obligation 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. LOCAL ROAD IMPROVEMENT PROGRAM. |
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| 6 | 6 | | 1.6 $250,000,000 is appropriated from the bond proceeds account in the state transportation |
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| 7 | 7 | | 1.7fund, as provided in Minnesota Statutes, section 174.50, for: |
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| 8 | 8 | | 1.8 (1) eligible improvements on trunk highway corridor projects under Minnesota Statutes, |
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| 9 | 9 | | 1.9section 174.52, subdivision 2; |
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| 10 | 10 | | 1.10 (2) construction and reconstruction of local roads with statewide or regional significance |
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| 11 | 11 | | 1.11under Minnesota Statutes, section 174.52, subdivision 4; or |
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| 12 | 12 | | 1.12 (3) grants to counties to assist in paying the costs of rural road safety capital improvement |
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| 13 | 13 | | 1.13projects on county state-aid highways under Minnesota Statutes, section 174.52, subdivision |
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| 14 | 14 | | 1.144a. |
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| 15 | 15 | | 1.15 Sec. 2. LOCAL BRIDGE REPLACEMENT PROGRAM. |
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| 16 | 16 | | 1.16 $150,000,000 is appropriated from the bond proceeds account in the state transportation |
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| 17 | 17 | | 1.17fund to the commissioner of transportation to rehabilitate, construct, or reconstruct bridges |
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| 18 | 18 | | 1.18as provided under Minnesota Statutes, section 174.50. |
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| 19 | 19 | | 1Sec. 2. |
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| 20 | 20 | | 25-04375 as introduced02/26/25 REVISOR KRB/VJ |
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| 21 | 21 | | SENATE |
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| 22 | 22 | | STATE OF MINNESOTA |
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| 23 | 23 | | S.F. No. 2185NINETY-FOURTH SESSION |
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| 24 | 24 | | (SENATE AUTHORS: JOHNSON STEWART) |
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| 25 | 25 | | OFFICIAL STATUSD-PGDATE |
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| 26 | 26 | | Introduction and first reading03/06/2025 |
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| 27 | 27 | | Referred to Capital Investment 2.1 Sec. 3. BOND AUTHORIZATION. |
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| 28 | 28 | | 2.2 To provide the money appropriated in sections 1 and 2 from the bond proceeds account, |
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| 29 | 29 | | 2.3the commissioner of management and budget shall sell and issue bonds of the state in an |
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| 30 | 30 | | 2.4amount up to $400,000,000 in the manner, upon the terms, and with the effect prescribed |
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| 31 | 31 | | 2.5by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, |
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| 32 | 32 | | 2.6article XI, sections 4 to 7, at the times and in the amounts requested by the commissioner |
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| 33 | 33 | | 2.7of transportation. |
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| 34 | 34 | | 2Sec. 3. |
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| 35 | 35 | | 25-04375 as introduced02/26/25 REVISOR KRB/VJ |
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