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This page contains legal information governing the proper use of state bond proceeds.
Minn. Stat. section 16A.695 ( GO Bonding Law ) specifies requirements that apply when property is purchased with state bond proceeds issued under article XI, section 5, clause (a), of the Minnesota Constitution. To implement the GO Bonding Law, the Commissioner of Management and Budget issued a Fourth Order Amending Order of the Commissioner of Finance Relating to Use and Sale of State Bond Financed Property dated July 30, 2012 ( Commissioner's Order ).
The uses of state trunk highway bond proceeds are governed by legal authority found in the Minnesota Constitution (Articles XI and XIV) and specific state bonding bills.