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MN SF3980

Bill

Status

Introduced

2/26/2026

Primary Sponsor

Amanda Hemmingsen-Jaeger

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Origin

Senate

94th Legislature 2025-2026

AI Summary

  • Reduces the minimum public notice period for county bond issuance hearings from 14 days to 10 days before the hearing date, while maintaining the 28-day maximum

  • Clarifies that county bonds may be limited obligations payable "from or secured by" taxes levied under the transportation sales tax section, expanding language beyond just "secured by"

  • Removes the requirement that port authority bonds must mature serially, giving port authorities more flexibility in structuring bond repayment schedules

  • Maintains existing requirements that port authority bond first installments be due within 3 years and final payments within 30 years of issuance

Legislative Description

Local government debt financing modifications

Last Action

Second reading

3/12/2026

Committee Referrals

Taxes2/26/2026

Full Bill Text

No bill text available