HF 2119

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

A bill for an act
relating to capital improvements; authorizing the
issuance of state bonds; appropriating money for a
personal rapid transit safety facility at the
University of Minnesota at Duluth.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin (a) $4,000,000 is appropriated from the bond proceeds fund
to the Board of Regents of the University of Minnesota to
design, acquire, construct, furnish, and equip a personal rapid
transit safety certification and training facility at the
University of Minnesota at Duluth. The facility plans must
include a guideway of approximately 2,500 feet long, an off-line
station, and a maintenance and control center. The facility
must be designed and constructed with plans that will support
the development of future personal rapid transit systems.
new text end

new text begin (b) The board shall enter into an agreement to implement
the project under this section with at least one statutory or
home rule charter city, a public transit authority, or a port
authority with power to issue obligation bonds. The board may
enter into agreements for the design, construction, and
operation of the facility subject to Minnesota Statutes, section
16A.695. The purpose of this project is to (1) confirm the
safety of the patented personal rapid transit technology for
sustainable public transit service, (2) provide an opportunity
for engineers and technicians to be trained in its design and
operation, and (3) establish a new economically self-sustaining,
visible technology in Minnesota.
new text end

new text begin (c) The appropriation is not available until the
commissioner determines that $4,000,000 has been committed to
the project from nonstate sources.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in this act from the bond
proceeds fund, the commissioner of finance shall sell and issue
bonds of the state in an amount up to $4,000,000 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.
new text end

Sec. 3. 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