as introduced - 92nd Legislature (2021 - 2022) Posted on 03/17/2022 05:24pm
Engrossments | ||
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Introduction | Posted on 02/07/2022 |
A bill for an act
relating to transportation; capital investment; appropriating money for passenger
rail infrastructure; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a) $26,000,000 is
appropriated from the bond proceeds fund to the commissioner of transportation for intercity
passenger rail projects on phase I corridors as identified in the 2015 update to the state rail
plan under Minnesota Statutes, section 174.03, subdivision 1b.
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(b) This appropriation is for expenditure by the commissioner or for grants to political
subdivisions and is available for: passenger rail development consistent with the state rail
plan, project cost estimating, alternatives analysis, preliminary and final engineering,
environmental analysis, benefit-cost analysis, and economic impact analysis.
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(c) Eligible projects include: intercity passenger rail between Minneapolis or St. Paul,
or both, and Northfield and Albert Lea; intercity passenger rail between Minneapolis or St.
Paul, or both, and Moorhead; a dedicated passenger rail main line connection between Union
Depot in St. Paul and Target Field in Minneapolis; and a study of a passenger rail
maintenance facility at the Midway Station in St. Paul owned by Amtrak.
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(d) Money appropriated in this subdivision is available until the project is completed or
abandoned subject to Minnesota Statutes, section 16A.642.
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To provide the money appropriated in subdivision 1 from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $26,000,000 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.
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This section is effective the day following final enactment.
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