1.1 A bill for an act
1.2 relating to transportation; appropriating money for grants under the transportation
1.3 economic development program; authorizing the sale and issuance of trunk highway
1.4 bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. TRANSPORTATION ECONOMIC DEVELOPMENT PROGRAM.
1.7 Subdivision 1.Appropriation.$15,000,000 is appropriated from the bond proceeds
1.8account in the trunk highway fund to the commissioner of transportation for the transportation
1.9economic development program under Minnesota Statutes, section 174.12.
1.10 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.11proceeds account in the trunk highway fund, the commissioner of management and budget
1.12must sell and issue bonds of the state in an amount up to $15,000,000 in the manner, upon
1.13the terms, and with the effect prescribed by Minnesota Statutes, sections 167.50 to 167.52,
1.14and by the Minnesota Constitution, article XIV, section 11, at the times and in the amounts
1.15requested by the commissioner of transportation. The proceeds of the bonds, except accrued
1.16interest and any premium received from the sale of the bonds, must be deposited in the bond
1.17proceeds account in the trunk highway fund.
1Section 1.
25-00384 as introduced11/12/24 REVISOR KRB/NS
SENATE
STATE OF MINNESOTA
S.F. No. 295NINETY-FOURTH SESSION
(SENATE AUTHORS: COLEMAN and Abeler)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/21/2025
Referred to Transportation