Purpose

This bill would provide new funding for local infrastructure by authorizing a specific amount of state bond funding to improve town roads and town bridges. It directs how the money should be distributed and how the bonds should be issued.

Main Provisions

• Subdivision 1 — Appropriation

  • The state would appropriate 35,000,000 from the bond proceeds fund to the commissioner of transportation.
  • The money is for town roads and town bridges and must be distributed according to Minnesota Statutes section 162.081.
  • Of the 35,000,000, 25,000,000 is for town roads and 10,000,000 is for town bridges.

• Subdivision 2 — Bond sale

  • To raise the 35,000,000, the commissioner of management and budget would sell and issue state bonds.
  • The bonds would be issued under the terms and effects described by Minnesota Statutes sections 16A.631 to 16A.675 and by the Minnesota Constitution article XI sections 4 to 7.

Effect and Significance

• What the bill does

  • Creates a new capital investment appropriation from the bond proceeds fund specifically for town roads and town bridges.
  • Establishes a financing plan through the sale of state bonds to fund the appropriation.

• How it interacts with existing law

  • Relies on existing statutory and constitutional authorities for distributing funds (162.081) and issuing bonds (16A.631–16A.675; Article XI, sections 4–7).
  • No new statutory programs are created beyond this appropriation and bond authorization.

Implementation and Oversight (Process notes)

• The bill would be implemented as a capital investment project, with funding allocated to the Minnesota Department of Transportation for local road and bridge improvements and bonds issued by the state to finance the cost.

Significant Changes

• Adds a new 35,000,000 appropriation from the bond proceeds fund for town roads and town bridges.
• Authorizes the sale and issuance of up to 35,000,000 in state bonds to fund this appropriation, under existing statutory and constitutional procedures.

Relevant Terms bond proceeds fund, town roads, town bridges, commissioner of transportation, distribution 162.081, bond sale, issue bonds, Minnesota Statutes 16A.631 to 16A.675, Minnesota Constitution Article XI, sections 4 to 7, capital investment, appropriation.