SF29 (Legislative Session 94 (2025-2026))
Small cities assistance program bond issue and appropriation
Related bill: HF2450
AI Generated Summary
Purpose
This bill aims to fund infrastructure support for the Small Cities Assistance Program by authorizing the state to borrow money. It directs a specific amount of money to be provided through bond financing to support small cities, using established state bonding rules.
Main Provisions
- Subdivision 1 – Appropriation: It appropriates $25,000,000 from the bond proceeds fund to the commissioner of transportation for the Small Cities Assistance Program (as authorized by Minnesota Statutes section 162.145).
- Subdivision 2 – Bond sale: It requires the commissioner of management and budget to sell and issue state bonds up to $25,000,000 to finance the appropriation. The bonds would be issued under the terms of Minnesota Statutes sections 16A.631 to 16A.675 and in accordance with Minnesota Constitution Article XI, sections 4 to 7.
Significance and Impact
- Creates a new funding mechanism (bond financing) for the Small Cities Assistance Program.
- Establishes a specific appropriation of $25 million and directs how that money will be raised (through the sale of state bonds) to support small-city needs.
- Ties the financing to existing state law and constitutional provisions, ensuring established procedures for issuing bonds are followed.
Significant Changes to Existing Law
- Adds a targeted $25,000,000 appropriation to fund the Small Cities Assistance Program through the bond proceeds fund.
- Mandates the sale and issuance of up to $25,000,000 in state bonds to finance that appropriation, using existing bonding statutes and constitutional provisions.
Terminology Inclusion
- small cities assistance program
- bond proceeds fund
- appropriation
- commissioner of transportation
- Minnesota Statutes section 162.145
- bond sale / sale and issuance of state bonds
- $25,000,000 (twenty-five million)
- commissioner of management and budget
- Minnesota Statutes sections 16A.631 to 16A.675
- Minnesota Constitution article XI sections 4 to 7
Relevant Terms
- small cities assistance program
- bond proceeds fund
- appropriation
- commissioner of transportation
- Minnesota Statutes section 162.145
- bond sale
- state bonds
- $25,000,000
- commissioner of management and budget
- Minnesota Statutes sections 16A.631 to 16A.675
- Minnesota Constitution article XI sections 4 to 7
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 16, 2025 | Senate | Action | Introduction and first reading | ||
| January 16, 2025 | Senate | Action | Referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill appropriates funds for the Small Cities Assistance Program under Minnesota Statutes section 162.145 and authorizes related bond processes consistent with that statutory framework.",
"modified": []
},
"citation": "162.145",
"subdivision": ""
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "The bill provides for the sale and issuance of state bonds up to the stated amount in a manner prescribed by Minnesota Statutes sections 16A.631 to 16A.675.",
"modified": []
},
"citation": "16A.631 to 16A.675",
"subdivision": ""
}
]Progress through the legislative process
In Committee