as introduced - 90th Legislature (2017 - 2018) Posted on 02/23/2017 02:02pm
A bill for an act
relating to capital investment; appropriating money for railroad crossing safety
improvements for the Mississippi River Regional Trail; authorizing the sale and
issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$2,500,000 is appropriated from the bond proceeds fund
to the commissioner of natural resources for a grant to Dakota County under Minnesota
Statutes, section 85.019, subdivision 4b, to design and construct a two-mile bike and
pedestrian trail segment of the Mississippi River Regional Trail in the city of Rosemount,
including a grade separated crossing of facilities and track owned by Union Pacific Railroad.
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To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $2,500,000 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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This section is effective the day following final enactment.
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