as introduced - 91st Legislature (2019 - 2020) Posted on 02/11/2020 03:37pm
Engrossments | ||
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Introduction | Posted on 01/30/2020 |
A bill for an act
relating to capital investment; appropriating money for a rail grade crossing
separation in Koochiching County; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$3,000,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to Koochiching County to acquire land
for and to predesign, design, engineer, and construct a rail grade crossing separation where
County State-Aid Highway 24 crosses Canadian National railroad tracks near the cities of
Ranier and International Falls. This appropriation is not available until the commissioner
of management and budget determines that at least an equal amount has been committed
from other sources to complete the project.
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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 $3,000,000 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.
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This section is effective the day following final enactment.
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