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MN SF1104
Bill
Status
Introduced
2/6/2025
Primary Sponsor
Michael Kreun
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AI Summary
- Appropriates $300,000,000 from the trunk highway fund bond proceeds account to the Commissioner of Transportation for the corridors of commerce program
- Authorizes the Commissioner of Management and Budget to sell and issue state trunk highway bonds up to $300,000,000
- Permits the Commissioner of Transportation to use up to 17 percent of the appropriation ($51 million) for program delivery costs
- Bond proceeds, excluding accrued interest and sale premiums, must be deposited in the trunk highway fund bond proceeds account
- Bond issuance governed by Minnesota Statutes sections 167.50-167.52 and Minnesota Constitution, Article XIV, Section 11
Legislative Description
Corridors of commerce program appropriation
Last Action
Referred to Transportation
2/6/2025
Committee Referrals
Transportation2/6/2025
Full Bill Text
No bill text available