Minneslate Logo

SF370 (Legislative Session 94 (2025-2026))

Shafer marked U.S. Highway 8 roundabout construction bond issue and appropriation

Related bill: HF608

AI Generated Summary

  1. Purpose

  2. The bill would fund a transportation project in Shafer, Minnesota: the construction of a roundabout on marked U.S. Highway 8 at its intersection with Chisago County StateAid Highway 21.

  3. Main Provisions

  4. Appropriation: $3,500,000 is allocated from the bond proceeds in the trunk highway fund to the commissioner of transportation for environmental analysis, predesign, design engineering, and construction of the Shafer roundabout. The funding is for the portion of the project eligible to use trunk highway bonds.

  5. Bond issuance: The state would sell and issue bonds up to $3,500,000 to cover this appropriation. The bond sale must follow Minnesota statutes 167.50 to 167.52 and the Minnesota Constitution (Article XIV, Section 11).

  6. Use of bond proceeds: The money from the bonds, after excluding any accrued interest and any premium from selling the bonds, must be deposited into the bond proceeds account in the trunk highway fund.

  7. Financing and Bonding Details

  8. Source of funds: Bond proceeds account in the trunk highway fund.

  9. Bond terms: To be issued in accordance with specified state statutes and constitutional provisions.

  10. Allocation of proceeds: Used for environmental analysis, predesign planning, design engineering, and construction of the roundabout.

  11. Implementation and Effect

  12. Project scope: Infrastructure improvement to create a roundabout at the designated intersection on U.S. Highway 8 in Shafer.

  13. Legislative effect: Establishes a new appropriation and authorization to issue state bonds to fund the project, with proceeds directed to the trunk highway fund for eligible use.

  14. Significance and Related Legal Context

  15. This bill ties a local transportation project to state bonding authority and requires compliance with specific bonding laws and constitutional provisions.

  16. It earmarks funds specifically for the identified stages of project development (environmental analysis through construction) and commits to using trunk highway bond proceeds.

Relevant Terms - appropriation - bond proceeds account - trunk highway fund - environmental analysis - predesign - design engineering - construction - roundabout - marked U.S. Highway 8 - Shafer - Chisago County StateAid Highway 21 - bond sale - bonds - Minnesota Statutes 167.50 to 167.52 - Minnesota Constitution Article XIV, Section 11 - transportation funding - infrastructure project

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
January 21, 2025SenateActionIntroduction and first reading
January 21, 2025SenateActionReferred toTransportation

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Allocates $3,500,000 from the trunk highway fund bond proceeds to the commissioner of transportation for environmental analysis, predesign, design, engineering, and construction of a roundabout at marked U.S. Highway 8 at its intersection with Chisago County StateAid Highway 21 in the city of Shafer.",
      "modified": []
    },
    "citation": "167.50 to 167.52",
    "subdivision": "Subd.1"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Provides for the sale and issuance of state bonds up to $3,500,000 to fund the appropriation, in the manner and with the terms prescribed by Minnesota Statutes sections 167.50 to 167.52.",
      "modified": []
    },
    "citation": "167.50 to 167.52",
    "subdivision": "Subd.2"
  }
]

Progress through the legislative process

17%
In Committee

Sponsors

Loading…