HF 1799

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:55am

A bill for an act
relating to capital improvements; naming and appropriating money for the
Minnesota Valley Line; 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 $500,000 is appropriated from the bond proceeds fund to the commissioner of
transportation for environmental analysis, preliminary engineering, and predesign for the
Minnesota Valley Line between Mankato and the Twin Cities.
new text end

Sec. 2. new text begin BOND AUTHORIZATION.
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
$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.
new text end

Sec. 3. new text begin MINNESOTA VALLEY LINE.
new text end

new text begin The commissioner of transportation and the Metropolitan Council shall reference in
planning or study documents any commuter rail or other transit service proposal between
Mankato and the Twin Cities as the Minnesota Valley Line.
new text end

Sec. 4. 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