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SF196 (Legislative Session 94 (2025-2026))

Town roads and bridges bond issue and appropriation

Related bill: HF374

AI Generated Summary

Purpose

Relates to capital investment and authorizes funding for local infrastructure by issuing state bonds. Specifically, it provides money for town roads and town bridges and sets up the process to sell these bonds.

Main provisions

  • Appropriation for town roads and bridges: The bill appropriates 35,000,000 from the bond proceeds fund to the commissioner of transportation for town roads and town bridges. Distribution is to follow the method in Minnesota Statutes section 162.081, with 25,000,000 dedicated to town roads and 10,000,000 to town bridges.
  • Bond sale: To raise the 35,000,000, the commissioner of management and budget is directed to sell and issue state bonds up to 35,000,000. The sale and terms must follow Minnesota statutes 16A.631 to 16A.675 and conform to the Minnesota Constitution (Article XI, sections 4 to 7).

Relationship to existing law / Significant changes

  • This bill creates new debt authority specifically for town roads and town bridges by issuing state bonds (bond proceeds fund).
  • It aligns the distribution of funds with existing law (Minnesota Statutes 162.081) and uses established bonding procedures and constitutional debt limits (Minnesota Constitution Article XI) for the issuance and management of the bonds.

Implications

  • Local infrastructure funding: Provides targeted state support for upgrading or maintaining town roads and bridges.
  • Debt financing: Advances the state’s use of bond proceeds to fund capital investments, subject to statutory and constitutional constraints.

Summary of key terms (for quick reference)

  • town roads
  • town bridges
  • bond proceeds fund
  • commissioner of transportation
  • commissioner of management and budget
  • bonds / bond sale
  • Minnesota Statutes section 162.081
  • Minnesota Statutes sections 16A.631 to 16A.675
  • Minnesota Constitution Article XI sections 4 to 7
  • capital investment
  • appropriation
  • 35,000,000 (35 million)

Relevant Terms town roads, town bridges, bond proceeds fund, bonds, bond sale, commissioner of transportation, commissioner of management and budget, 162.081, 16A.631-16A.675, Constitution Article XI 4-7, capital investment, appropriation, 35,000,000

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
January 16, 2025SenateActionIntroduction and first reading
January 16, 2025SenateActionReferred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Provides that the town roads and bridges appropriation is to be distributed in the manner provided under Minnesota Statutes section 162.081.",
      "modified": []
    },
    "citation": "162.081",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Authorizes the bond sale for the appropriation under Minnesota Statutes sections 16A.631 to 16A.675 and by the Minnesota Constitution article XI sections 4 to 7.",
      "modified": []
    },
    "citation": "16A.631 to 16A.675",
    "subdivision": ""
  }
]

Progress through the legislative process

17%
In Committee

Sponsors

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