SF2185

This bill, S.F. No. 2185, relates to capital investment for local roads and bridges in Minnesota. It proposes the issuance of $400 million in general obligation bonds to fund transportation infrastructure projects. The key provisions include:

1. Local Road Improvement Program:

   • $250 million appropriated from the bond proceeds account in the state transportation fund.
     
   • Funds will be used for:
     • Eligible improvements on trunk highway corridor projects.
       
     • Construction and reconstruction of local roads with statewide or regional significance.
       
     • Grants to counties for rural road safety capital improvement projects.
       

2. Local Bridge Replacement Program:

   • $150 million appropriated from the bond proceeds account.
     
   • Funds will be used for rehabilitation, construction, or reconstruction of bridges.

3. Bond Authorization:

   • The Commissioner of Management and Budget is authorized to sell and issue up to $400 million in state bonds to finance the appropriations in the bill.
     
   • The issuance of these bonds will follow Minnesota Statutes governing bond sales.

In summary, this bill seeks to finance road and bridge improvement projects by issuing state bonds, with a focus on highway corridors, local roads of significance, and rural road safety enhancements.