HF 259

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:35am

A bill for an act
relating to capital improvements; appropriating money for Minnesota to Chicago
High Speed Rail Corridor; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $10,000,000 is appropriated from the bond proceeds fund to the Metropolitan
Council for a grant to the Ramsey County Regional Railroad Authority for the state's
share of environmental analysis of a high-speed rail line connecting Chicago, La Crescent,
Winona, Red Wing, and the Union Depot Concourse Multimodal Transit Hub, located in
downtown St. Paul in the area south of Kellogg Boulevard and east of Jackson Street.
new text end

new text begin No part of this appropriation may be spent to acquire or better capital improvements
that are located outside the state of Minnesota, that may be used from time to time
outside the state of Minnesota, or that are part of a rail corridor that is not designated
by the Midwest Interstate Passenger Rail Compact. The commissioner shall work
with the Wisconsin Department of Transportation to coordinate application for federal
capital assistance for the high-speed rail project. The commissioner shall develop a
comprehensive rail plan, as part of the state transportation plan, including the high-speed
rail project. The commissioner shall provide to the chairs of the legislative committees
with jurisdiction over transportation policy and finance a copy of the draft state
transportation plan for review and comment before the plan is adopted.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$10,000,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end