SF295

SF295 (Legislative Session 94 (2025-2026))

Transportation economic development program grants bond issuance and appropriation

Related bill: HF2075

AI Generated Summary

This legislative bill from Minnesota is about funding transportation projects that support economic development. It proposes allocating $15,000,000 for the transportation economic development program. This money will come from selling bonds, which are a way for the state to borrow money that it will repay later. The funds raised from these bonds will be specifically used for transportation projects that can help boost the economy. The bill outlines the necessary steps and regulations to handle the sale and use of these bonds effectively.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
January 20, 2025	House	Floor	Action	Introduction and first reading
January 20, 2025	Senate	Floor	Action	Introduction and first reading
January 20, 2025	House	Floor	Action	Referred to	Transportation
January 20, 2025	Senate	Floor	Action	Referred to	Transportation

Citations

[
  {
    "analysis": {
      "added": [
        "Appropriates $15,000,000 for the program."
      ],
      "removed": [
        ""
      ],
      "summary": "This legislation allocates funds for the transportation economic development program under section 174.12.",
      "modified": [
        ""
      ]
    },
    "citation": "174.12",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "This bill pertains to the sale and issuance of trunk highway bonds referencing section 167.50.",
      "modified": [
        ""
      ]
    },
    "citation": "167.50",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "Details procedures and administration related to the bond sale under section 167.51.",
      "modified": [
        ""
      ]
    },
    "citation": "167.51",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "Includes the financial provisions for bond issuance under section 167.52.",
      "modified": [
        ""
      ]
    },
    "citation": "167.52",
    "subdivision": ""
  }
]