as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:34am
A bill for an act
relating to capital improvements; authorizing sale of state bonds; appropriating
money for high-speed rail line between Chicago and the Twin Cities through
Rochester.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$500,000 is appropriated from the bond proceeds
fund to the commissioner of transportation to study the feasibility of constructing a
high-speed rail line between Chicago and the Twin Cities through Rochester.
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To provide the money appropriated in this section from the
bond proceeds fund, the commissioner of finance shall sell and issue bonds of the state in
an amount up to $500,000 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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Section 1 is effective the day following final enactment.
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