HF 472

as introduced - 90th Legislature (2017 - 2018) Posted on 01/23/2017 01:54pm

A bill for an act
relating to transportation; capital investment; appropriating money for railroad
crossing safety improvement projects and quiet zones in Loretto and Medina;
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 AND BOND SALE AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,000,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for construction of railroad crossing safety
improvements and quiet zones at Townline Road in Loretto, marked County Road 19 in
Loretto, marked County Road 116/County Road 115 in Medina, and Arrowhead Drive in
Medina. The appropriations under this subdivision must be allocated so that each project
receives $750,000.
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 subdivision 1 from the bond
proceeds account, the commissioner of management and budget shall sell and issue bonds
of the state in an amount up to $3,000,000 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, at the times and in the amounts requested by the
commissioner of transportation.
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