HF 418

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

A bill for an act
relating to transportation; authorizing sale of state bonds; appropriating money
for the Red Rock Corridor transit way.

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

Section 1. new text begin RED ROCK CORRIDOR TRANSIT WAY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,500,000 is appropriated to the commissioner of
transportation from the bond proceeds fund for the Red Rock Corridor transit way between
Hastings and Minneapolis via St. Paul, and extended between Hastings and Red Wing for:
new text end

new text begin (1) the design, construction, and furnishing of park-and-ride lots; and
new text end

new text begin (2) a feasibility study of transit and transportation needs in an extension of the Red
Rock Corridor transit way between Hastings and Red Wing.
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 finance shall sell and issue bonds of the state in
an amount up to $1,500,000 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. 2. new text begin EFFECTIVE DATE.
new text end

new text begin Section 1 is effective the day following final enactment.
new text end