Minnesota SF295 appropriates $15,000,000 for the transportation economic development program and authorizes bond issuance.

Minnesota SF295 allocates $15,000,000 from the bond proceeds account in the trunk highway fund to the commissioner of transportation for the transportation economic development program. The commissioner of management and budget must sell and issue state bonds up to $15,000,000 to fund this appropriation. The bond proceeds, excluding accrued interest and any premium from the bond sale, must be deposited back into the bond proceeds account in the trunk highway fund.

Minnesota SF295 appropriates $15,000,000 for the transportation economic development program and authorizes bond issuance.

Minnesota SF295 allocates $15,000,000 from the bond proceeds account in the trunk highway fund to the commissioner of transportation for the transportation economic development program. The commissioner of management and budget must sell and issue state bonds up to $15,000,000 to fund this appropriation. The bond proceeds, excluding accrued interest and any premium from the bond sale, must be deposited back into the bond proceeds account in the trunk highway fund.