HF 1679

as introduced - 87th Legislature (2011 - 2012) Posted on 05/09/2011 09:40am

A bill for an act
relating to capital investment; appropriating money for the Minneapolis
Transportation Interchange; authorizing the sale and issuance of state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin MINNEAPOLIS TRANSPORTATION INTERCHANGE.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $20,000,000 is appropriated from the bond proceeds
fund to the Metropolitan Council for a grant to the Hennepin County Regional Railroad
Authority for environmental analysis, engineering, design, acquisition of real property
or interests in real property, site preparation for, and construction of the Minneapolis
Transportation Interchange Facility located in the vicinity of the confluence of the
Hiawatha light rail line and the Northstar commuter rail line.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $20,000,000 in the manner, upon the terms, and with
the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
Minnesota Constitution, article XI, sections 4 to 7.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end