HF 1641

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to local government; authorizing local
bonding for personal rapid transit; amending Minnesota
Statutes 2004, sections 475.51, by adding a
subdivision; 475.52, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2004, section 475.51, is
amended by adding a subdivision to read:

new text begin Subd. 15. new text end

new text begin Personal rapid transit; prt. new text end

new text begin "Personal rapid
transit" or "PRT" is a transit system consisting of elevated
guideways that allow automated electrically driven vehicles to
carry individuals nonstop from any station on the system to any
other station on the system.
new text end

Sec. 2.

Minnesota Statutes 2004, section 475.52, is
amended by adding a subdivision to read:

new text begin Subd. 7. new text end

new text begin Loans for prt. new text end

new text begin A statutory or home rule charter
city, county, or town may issue bonds or other obligations and
loan the proceeds, with or without charging interest, to a
public or private entity to design, construct, furnish, and
equip a personal rapid transit system or a PRT public safety
certification and training facility.
new text end