MN SF65

Authorizes state-chartered banks in Minnesota to create "new wealth-based bookkeeping entry money" to fund construction and maintenance of state, county, city, and town highways, streets, roads, bridges, transit systems, and other transportation infrastructure without taxation or bonding.

Requires road authorities to submit verified project bids or funding needs documentation to the nearest state-chartered bank, which then electronically transfers funds to the road authority's account for exclusive use on the approved project.

Establishes separate asset-monetizing accounts within state-chartered banks for infrastructure projects that are treated as independent agencies for auditing purposes and exempt from reserve requirements.

Mandates state and legislative auditors to maintain ongoing accounting of total money created under this section, with monthly updates published online by the first business day of the third week of each month.

Imposes criminal penalties of up to $100,000,000 in fines and 40 years imprisonment for any noncompliance or fraud by bank officers, government officials, or contractors related to this program, with implementation through a 180-day pilot project.