HF 2844

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital investment; appropriating money for an Environmental Impact
Statement and preliminary engineering for the Southwest Transit Way Corridor;
authorizing the issuance of general obligation bonds.

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

Section 1. new text begin APPROPRIATION; SOUTHWEST TRANSIT WAY CORRIDOR.
new text end

new text begin $10,000,000 is appropriated from the bond proceeds fund to the Metropolitan
Council for a grant to the Hennepin County Regional Rail Authority to prepare an
Environmental Impact Statement (EIS) and for preliminary engineering for the Southwest
Transit Way Corridor, from the Hiawatha light rail in downtown Minneapolis to the
vicinity of the Southwest Station transit hub in Eden Prairie.
new text end

Sec. 2. new text begin BOND SALE.
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
$10,000,000 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