SF480

SF480 (Legislative Session 94 (2025-2026))

Corridors of commerce program bond issue and appropriation

AI Generated Summary

Senate SF No 480 is a legislative bill that aims to support Minnesota's transportation infrastructure by allocating funds to the Corridors of Commerce program. The bill proposes that $100 million be given for this purpose, and this money will come from the sale of state bonds. The process of selling these bonds and the conditions attached to them are outlined in the bill, adhering to existing state laws and constitutional guidelines. This initiative is designed to enhance significant trade and travel routes across Minnesota, benefiting economic activities and connectivity.

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	Capital Investment
January 20, 2025	Senate	Floor	Action	Referred to	Capital Investment

Citations

[
  {
    "analysis": {
      "added": [
        "Appropriation of funds specifically allocated for the corridors of commerce program."
      ],
      "removed": [
        ""
      ],
      "summary": "This bill appropriates money for the 'corridors of commerce' program under section 161.088.",
      "modified": [
        ""
      ]
    },
    "citation": "161.088",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "This section outlines the bond sale terms for the funds appropriated for the commerce program.",
      "modified": [
        "Prescribes bond sale and issuance terms for funding the program."
      ]
    },
    "citation": "16A.631",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "This section delineates additional requirements for the sale and issuance of the bonds.",
      "modified": [
        "Details implementation of bond sales for the commerce program funding."
      ]
    },
    "citation": "16A.675",
    "subdivision": ""
  }
]