HF306 (Legislative Session 94 (2025-2026))
Greenfield; Greenfield Road improvement funding provided, bonds issued, and money appropriated.
Related bill: SF533
AI Generated Summary
Purpose
- The bill would provide additional funding for improvements to Greenfield Road in the city of Greenfield by authorizing a grant financed from state bonds. It aims to support design, engineering, construction, and reconstruction of the road from U.S. Highway 55 to County State Aid Highway 10 Woodland Trail, along with related stormwater improvements. It also authorizes selling state bonds to pay for this funding and notes that this is in addition to a prior appropriation and does not require a local (nonstate) contribution.
Main Provisions
Subdivision 1 – Appropriation:
- Allocates 1,392,000 from the bond proceeds account in the state transportation fund to the commissioner of transportation.
- Purpose: to grant the city of Greenfield funding for design, engineering, construction, and reconstruction of Greenfield Road (from U.S. Highway 55 to CSAH 10 Woodland Trail) and for associated stormwater improvements.
- This appropriation is in addition to an existing appropriation ( Laws 2023, chapter 72, article 2, section 7, subdivision 9) and does not require a nonstate contribution.
Subdivision 2 – Bond sale:
- Directs the commissioner of management and budget to sell and issue state bonds up to 1,392,000 to fund the appropriation.
- Bonds must be issued under Minnesota statutes 16A.631 to 16A.675 and the Minnesota Constitution, Article XI, sections 4 to 7.
- Proceeds of the bonds, excluding accrued interest and any premium, must be credited to the bond proceeds account in the state transportation fund.
Financing and Legal Context
- This bill uses bond financing (state bonds) to fund the Greenfield Road project and related stormwater improvements.
- The funding is drawn from the bond proceeds account within the state transportation fund.
- The arrangement relies on established bonding statutes (Minnesota Statutes sections 16A.631 to 16A.675) and the state constitution, and it aligns with an existing statewide capital investment framework.
Changes to Existing Law
- Adds a new appropriation of 1,392,000 for Greenfield Road improvements that is separate from, but in addition to, the prior 2023 appropriation.
- Establishes a new bond issuance to finance this amount, with proceeds directed to the bond proceeds account in the state transportation fund.
- Confirms there is no required nonstate (local) contribution for this financing.
Relevant Terms - bond proceeds account - state transportation fund - grant - Greenfield Road - Greenfield, city of - design - engineer - construct - reconstruct - paved road - U.S. Highway 55 - County State Aid Highway 10 Woodland Trail - stormwater improvements - nonstate contribution - bond sale - Minnesota Statutes sections 16A.631 to 16A.675 - Minnesota Constitution Article XI sections 4 to 7 - Laws 2023 chapter 72 article 2 section 7 subdivision 9 - commissioner of transportation - commissioner of management and budget
Relevant Terms
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 10, 2025 | House | Action | Introduction and first reading, referred to | Capital Investment | |
| March 10, 2025 | House | Action | Author added |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill uses Minn. Stat. § 174.50 to authorize funding of a grant from the bond proceeds account in the state transportation fund to the city of Greenfield for Greenfield Road improvements.",
"modified": []
},
"citation": "174.50",
"subdivision": ""
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill contemplates the sale of state bonds up to $1,392,000 in a manner prescribed by Minn. Stat. §§ 16A.631 to 16A.675 to finance the appropriation for Greenfield Road improvements.",
"modified": []
},
"citation": "16A.631 to 16A.675",
"subdivision": ""
}
]Progress through the legislative process
In Committee