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HF608 (Legislative Session 94 (2025-2026))

Shafer; U.S. Highway 8 roundabout construction funding provided, bonds issued, and money appropriated.

Related bill: SF370

AI Generated Summary

Purpose

To fund the planning, design, and construction of a roundabout on marked U.S. Highway 8 in the city of Shafer, at its intersection with Chisago County State-Aid Highway 21, using state bond proceeds.

Main provisions

  • Subdivision 1 – Appropriation

    • An amount of 3,500,000 is appropriated from the bond proceeds account in the trunk highway fund.
    • The money is for environmental analysis, predesign, design engineering, and construction of the roundabout at the U.S. Highway 8/Chisago County State-Aid Highway 21 intersection in Shafer.
    • The appropriation covers the portion of the project eligible to use trunk highway bond proceeds.

  • Subdivision 2 – Bond sale

    • The Commissioner of Management and Budget must sell and issue state bonds up to 3,500,000 to fund the appropriation.
    • Bond issuance must follow the procedures in Minnesota Statutes sections 167.50 to 167.52 and the Minnesota Constitution, Article XIV, Section 11.
    • Bond proceeds (excluding accrued interest and any premium) must be deposited into the bond proceeds account in the trunk highway fund.

Relationship to existing law

  • The bill specifies bonding and funding mechanisms that align with existing state statutes and constitutional provisions governing state bond issuance and trunk highway financing.

Significance and potential impact

  • Creates a dedicated funding path for a specific transportation improvement in Shafer, using state debt instruments.
  • Allocates funds for multiple project phases (environmental analysis through construction) and formalizes the bond-issuance process.

Practical takeaway

  • If enacted, the project can move forward through planning and construction once bond proceeds are issued and work contracts are awarded, subject to standard state budgeting and procurement rules.

Relevant Terms - appropriation - bond proceeds account - trunk highway fund - environmental analysis - predesign - design engineering - construction - roundabout - U.S. Highway 8 - Chisago County State-Aid Highway 21 - Shafer - bonds / bond sale - Minnesota Statutes sections 167.50 to 167.52 - Minnesota Constitution Article XIV section 11

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 13, 2025HouseActionIntroduction and first reading, referred toTransportation Finance and Policy

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill references Minnesota Statutes sections 167.50 to 167.52 as the statutory framework for issuing bonds to finance the Shafer roundabout project on marked U.S. Highway 8. No new statutory provisions are created by this citation.",
      "modified": []
    },
    "citation": "167.50 to 167.52",
    "subdivision": ""
  }
]

Progress through the legislative process

17%
In Committee

Sponsors

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