HF 2653

as introduced - 89th Legislature (2015 - 2016) Posted on 03/31/2016 04:26pm

A bill for an act
relating to capital investment; appropriating money for railroad crossing safety
improvements for the Mississippi River Regional Trail; authorizing the sale
and issuance of state bonds.

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

Section 1. new text begin DAKOTA COUNTY; RAILROAD CROSSING SAFETY
IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $2,200,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for a grant to Dakota County under
Minnesota Statutes, section 85.019, subdivision 4b, to design and construct a 1.7-mile
bike and pedestrian trail segment of the Mississippi River Regional Trail in the city of
Rosemount, including a two-grade separated crossing of facilities and track owned by
Union Pacific Railroad.
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 $2,200,000 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