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HF 2895

as introduced - 87th Legislature (2011 - 2012) Posted on 03/15/2012 11:45am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to capital improvements; authorizing the sale and issuance of state
bonds; appropriating money for a Rochester-Twin Cities High-Speed Passenger
Rail project, and for passenger rail facilities.

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

Section 1. new text begin ROCHESTER-TWIN CITIES HIGH-SPEED PASSENGER RAIL
PROJECT AND PASSENGER RAIL FACILITIES.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,400,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for predesign, design, and environmental
studies for the Rochester-Twin Cities High-Speed Passenger Rail project as identified
in the Minnesota Comprehensive Statewide Freight and Passenger Rail Plan, and for
predesign, design, environmental studies, and project development of passenger rail
facilities in Olmsted County, Dakota County, and the Minneapolis/St. Paul International
Airport.
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 this section from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $5,400,000 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