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MN SF4440
Bill
Status
Introduced
2/29/2024
Primary Sponsor
Julia Coleman
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AI Summary
- Appropriates $200,000,000 from the bond proceeds account in the trunk highway fund to the commissioner of transportation for construction, reconstruction, and improvement of trunk highways
- Funds may be used for design-build contracts, internal department costs for the construction program, and consultant services
- Authorizes the commissioner of management and budget to sell and issue up to $200,000,000 in state bonds according to Minnesota Statutes sections 167.50 to 167.52 and the Minnesota Constitution, article XIV, section 11
- Requires bond proceeds (except accrued interest and premiums) to be deposited in the bond proceeds account in the trunk highway fund
- Allows the commissioner to use up to 17 percent of the appropriated amount for program delivery costs
Legislative Description
State road construction bond issuance and appropriation
Last Action
Referred to Transportation
2/29/2024
Committee Referrals
Transportation2/29/2024
Full Bill Text
No bill text available