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HF2075 (Legislative Session 94 (2025-2026))

Transportation economic development program grant funding provided, trunk highway bonds issued, and money appropriated.

Related bill: SF295

AI Generated Summary

This bill, H.F. No. 2075, introduced in the Minnesota House of Representatives, pertains to transportation funding. It appropriates $15 million from the bond proceeds account in the trunk highway fund to the Commissioner of Transportation for the Transportation Economic Development Program under Minnesota Statutes, Section 174.12.

Additionally, the bill authorizes the sale and issuance of trunk highway bonds up to $15 million by the Commissioner of Management and Budget, following the procedures outlined in Minnesota Statutes (Sections 167.50 to 167.52) and the Minnesota Constitution (Article XIV, Section 11). The proceeds from the bond sales will be deposited in the bond proceeds account to fund the program.

In summary, this bill provides funding for infrastructure and transportation projects aimed at economic development through bond issuance.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 09, 2025HouseFloorActionIntroduction and first reading, referred toTransportation Finance and Policy
March 09, 2025HouseFloorActionIntroduction and first reading, referred toTransportation Finance and Policy

Citations

 
[
  {
    "analysis": {
      "added": [
        "Appropriates $15,000,000 for the program."
      ],
      "removed": [
        ""
      ],
      "summary": "This bill provides funding for the transportation economic development program under section 174.12.",
      "modified": [
        ""
      ]
    },
    "citation": "174.12",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        "Sets forth terms for bond sale and issuance to fund transportation projects."
      ],
      "removed": [
        ""
      ],
      "summary": "This bill authorizes the sale and issuance of trunk highway bonds as prescribed by sections 167.50 to 167.52.",
      "modified": [
        ""
      ]
    },
    "citation": "167.50 to 167.52",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "This bill refers to the constitutional provision authorizing the issuance of highway bonds.",
      "modified": [
        ""
      ]
    },
    "citation": "Minnesota Constitution article XIV section 11",
    "subdivision": ""
  }
]

Sponsors