HF 3160

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/17/2022 05:24pm

A bill for an act
relating to transportation; capital investment; appropriating money for passenger
rail infrastructure; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin PASSENGER RAIL; APPROPRIATION AND BOND SALE
AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Intercity passenger rail projects; appropriation. new text end

new text begin (a) $26,000,000 is
appropriated from the bond proceeds fund to the commissioner of transportation for intercity
passenger rail projects on phase I corridors as identified in the 2015 update to the state rail
plan under Minnesota Statutes, section 174.03, subdivision 1b.
new text end

new text begin (b) This appropriation is for expenditure by the commissioner or for grants to political
subdivisions and is available for: passenger rail development consistent with the state rail
plan, project cost estimating, alternatives analysis, preliminary and final engineering,
environmental analysis, benefit-cost analysis, and economic impact analysis.
new text end

new text begin (c) Eligible projects include: intercity passenger rail between Minneapolis or St. Paul,
or both, and Northfield and Albert Lea; intercity passenger rail between Minneapolis or St.
Paul, or both, and Moorhead; a dedicated passenger rail main line connection between Union
Depot in St. Paul and Target Field in Minneapolis; and a study of a passenger rail
maintenance facility at the Midway Station in St. Paul owned by Amtrak.
new text end

new text begin (d) Money appropriated in this subdivision is available until the project is completed or
abandoned subject to Minnesota Statutes, section 16A.642.
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 management and budget shall sell and issue bonds of
the state in an amount up to $26,000,000 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

new text begin EFFECTIVE DATE. new text end

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