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HF2827 (Legislative Session 94 (2025-2026))

Greater Minnesota transit systems capital improvements funding provided, bonds issued, and money appropriated.

Related bill: SF1403

AI Generated Summary

Purpose of the Bill

The purpose of this bill is to provide funding for capital improvements to transit systems in Greater Minnesota. This will help enhance and expand the public transportation facilities in areas outside the Twin Cities metropolitan region.

Main Provisions

  • Funding Allocation: The bill allocates $10 million for capital assistance to publicly owned transit systems in Greater Minnesota. The funding is intended for acquiring property, as well as for the predesign, construction, furnishing, and equipping of transit facilities.

  • Bond Issuance: To fund these improvements, the state will issue bonds. The Commissioner of Management and Budget is authorized to sell and issue bonds for a total amount of up to $10 million. The sale and issuance of these bonds will be conducted according to specific Minnesota Statutes and the state constitution.

Significant Changes

This bill represents a capital investment effort focusing on the improvement of transportation infrastructure specifically in Greater Minnesota, demonstrating a targeted approach to enhance transit facilities in areas outside the major urban centers.

Relevant Terms

  • Capital investment
  • Publicly owned transit systems
  • Bond proceeds fund
  • Issuance of state bonds
  • Greater Minnesota transit systems

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 25, 2025HouseFloorActionIntroduction and first reading, referred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [
        "Includes new funding for transit capital facilities."
      ],
      "removed": [
        ""
      ],
      "summary": "The bill appropriates funds for greater Minnesota transit systems under section 174.24, subdivision 3c.",
      "modified": [
        ""
      ]
    },
    "citation": "174.24",
    "subdivision": "subdivision 3c"
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "The bond sale is conducted under existing procedures outlined in section 16A.631.",
      "modified": [
        "Specifies bond issue and sale procedures."
      ]
    },
    "citation": "16A.631",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "Bond sale procedures also reference section 16A.675.",
      "modified": [
        "Clarifies terms for bond issuance."
      ]
    },
    "citation": "16A.675",
    "subdivision": ""
  }
]

Sponsors