SF2606 (Legislative Session 94 (2025-2026))
Certain allocation requirements under the corridors of commerce program modification
Related bill: HF2357
AI Generated Summary
Purpose of the Bill
The bill aims to modify how funds are distributed under the Corridors of Commerce program to ensure a balanced allocation across different regions in Minnesota.
Main Provisions
Regional Balance: The bill establishes a detailed scheme for distributing funds to projects based on their geographic location relative to the Twin Cities metro area.
Metro Projects: Funds allocated for projects within or directly adjacent to the area bounded by Interstates 494 and 694 must be at least 25% and not exceed 27.5% of available funds in each project selection round.
Metro Connector Projects: For projects located primarily within a greater metropolitan county but outside the core metro area (not included in the first category), the allocation must be at least 35% and no more than 37.5% of the funds.
Regional Center Projects: Projects outside the metro and metro connector project categories will receive at least 35% and no more than 40% of the funds.
Calculation of Allocation: The funding allocations must be calculated based on total funds from the current and previous two project selection rounds. The calculations will also include readiness development projects.
Significant Changes to Existing Law
The bill amends Minnesota Statutes 2024 section 161.088 subdivision 4a to implement precise allocation percentages for different project categories within the Corridors of Commerce program, which ensures specific funding distribution across regions to promote balanced infrastructural development.
Relevant Terms
- Corridors of Commerce
- Regional balance
- Metro projects
- Metro connector projects
- Regional center projects
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 16, 2025 | Senate | Floor | Action | Introduction and first reading | |
| March 16, 2025 | Senate | Floor | Action | Referred to | Transportation |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill modifies allocation requirements for the corridors of commerce program under section 161.088, subdivision 4a.",
"modified": [
"Adjustments to regional allocation percentages for project selection funds."
]
},
"citation": "161.088",
"subdivision": "subdivision 4a"
}
]