as introduced - 90th Legislature (2017 - 2018) Posted on 03/02/2017 12:46pm
A bill for an act
relating to transportation; canceling and providing loan forgiveness on a Department
of Transportation contract.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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The commissioner of transportation must provide loan forgiveness for the $4,300,000
remaining balance on Contract No. 82799, originally executed with the Minnesota Valley
Regional Rail Authority on January 28, 2002, and must cancel all future payments under
the contract. The commissioner is prohibited from requiring or accepting additional payments
under Contract No. 82799 as of the effective date of this section.
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This section is effective the day following final enactment.
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