HF 2519

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 11:31pm

A bill for an act
relating to capital investment; authorizing the sale and issuance of state bonds;
appropriating money for the city of Grand Rapids at-grade railroad crossing
improvements.

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

Section 1. new text begin GRAND RAPIDS; AT-GRADE RAILROAD CROSSING
IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $900,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of Grand Rapids to make
at-grade railroad crossing improvements in the city. The project includes closing the three
at-grade crossings that do not have signals and cross arms, upgrading the fourth crossing
with a new turn lane and cross arms, realigning Third Street Southeast to connect to
Seventh Avenue Southeast, and acquisition of two properties. This appropriation is not
available until the commissioner of finance has determined that at least $2,400,000 has
been committed to the project from nonstate sources.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in subdivision 1 from the
bond proceeds fund, the commissioner of finance shall sell and issue bonds of the state in
an amount up to $900,000 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end