HF867 (Legislative Session 94 (2025-2026))
Slayton; 34th Street reconstruction funding provided, bonds issued, and money appropriated.
AI Generated Summary
Purpose
- To provide funding for a local road project in Slayton, specifically the reconstruction of 34th Street from Juniper Avenue to 160th Avenue, by appropriating money and arranging a state bond sale.
Main Provisions
- Subdivision 1 — Appropriation:
- Allocates 2,500,000 from the bond proceeds fund.
- This money is for a grant to the city of Slayton to cover predesign, design, engineering, construction, and equipment for the reconstruction of 34th Street (from Juniper Avenue to 160th Avenue).
- Subdivision 2 — Bond Sale:
- To provide the money appropriated, the commissioner of management and budget must sell and issue state bonds up to 2,500,000.
- The bonds are to be issued under the terms and with the effects prescribed by Minnesota law (Minnesota Statutes sections 16A.631 to 16A.675) and by the Minnesota Constitution (Article XI, sections 4 to 7).
Significant Changes to Existing Law
- Creates a new explicit appropriation tied to a local street project and authorizes a state bond issuance to fund that appropriation.
- Leverages existing bond financing frameworks and constitutional and statutory procedures for issuing bonds to support a city street reconstruction project.
Geographic and Project Details
- Project location: 34th Street in the city of Slayton.
- Project limits: from Juniper Avenue to 160th Avenue.
Fiscal Impact
- Total state commitment: 2,500,000 in bond proceeds, to be used as a grant to Slayton for the specified reconstruction work.
- Financing mechanism: sale of state bonds up to the same amount under established bonding laws and constitutional provisions.
Administration
- Agencies involved: Minnesota Department of Transportation for the grant administration; the Commissioner of Management and Budget for issuing bonds.
Compliance References
- Minnesota Statutes: 16A.631 to 16A.675.
- Minnesota Constitution: Article XI, sections 4 to 7.
Relevant Terms - bond proceeds fund - appropriation - grant - predesign - design - engineer - construct - equip - reconstruction - 34th Street - Slayton - Juniper Avenue - 160th Avenue - bonds / bond sale - Commissioner of Transportation - Commissioner of Management and Budget - state bonds - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI, sections 4–7
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 17, 2025 | House | Action | Introduction and first reading, referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill references Minnesota Statutes sections 16A.631 to 16A.675 as the authority for issuing state bonds for the Slayton 34th Street reconstruction project.",
"modified": []
},
"citation": "16A.631 to 16A.675",
"subdivision": ""
}
]Progress through the legislative process
In Committee