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SF678 (Legislative Session 94 (2025-2026))

State roads construction bond issuance and appropriation

Related bill: HF2082

AI Generated Summary

This legislative bill, identified as SF No 678, is aimed at improving transportation infrastructure in the state of Minnesota. It proposes the allocation of $200,000,000 from the trunk highway fund for the construction, reconstruction, and enhancement of state roads. This money is also intended to cover costs related to the management of these projects, including expenses for design-build contracts, departmental operations, and consultancy fees. Additionally, the bill authorizes the state's Commissioner of Management and Budget to issue trunk highway bonds up to the amount of $200,000,000 to finance these endeavors. These bonds will be managed according to specific state laws and constitutional provisions. The bond proceeds, excluding any accrued interest or premiums from bond sales, will be deposited back into the trunk highway fund to support the anticipated transportation projects.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
January 26, 2025HouseFloorActionIntroduction and first reading
January 26, 2025SenateFloorActionIntroduction and first reading
January 26, 2025HouseFloorActionReferred toTransportation
January 26, 2025SenateFloorActionReferred toTransportation

Citations

 
[
  {
    "analysis": {
      "added": [
        "Authorization for new bond issues to fund highway construction."
      ],
      "removed": [
        ""
      ],
      "summary": "This provision guides the sale and issuance of trunk highway bonds under sections 167.50 to 167.52.",
      "modified": [
        "Clarification on the handling of bond proceeds."
      ]
    },
    "citation": "167.50",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "This provision pertains to the conditions and manner of bond issuance under sections 167.50 to 167.52.",
      "modified": [
        "Adjusted details on bond issue terms and conditions."
      ]
    },
    "citation": "167.51",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "This provision concerns the effects of bond issuance and management under sections 167.50 to 167.52.",
      "modified": [
        "Specification on the impact of issued bonds."
      ]
    },
    "citation": "167.52",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "This provision in the Minnesota Constitution relates to the financial provisions for highway financing.",
      "modified": [
        "Refinement in the alignment with state constitutional requirements for highway funds."
      ]
    },
    "citation": "Minnesota Constitution article XIV, section 11",
    "subdivision": ""
  }
]

Sponsors