HF 1212

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/03/2023 12:26pm

A bill for an act
relating to capital investment; appropriating money for a park-and-ride parking
facility in the city of Rochester; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ROCHESTER; REGIONAL PARK-AND-RIDE PARKING FACILITY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,000,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to the city of Rochester to acquire property
for and for predesign; design; environmental analysis; site remediation and preparation,
including demolition; and construction of a park-and-ride parking facility on Broadway
Avenue North. Amounts expended by the city of Rochester for predesign, design, and
engineering for this project prior to the enactment of this section shall count toward the
nonstate match.
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 $4,000,000 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