1.1                          A bill for an act
  1.2             relating to railroads; authorizing state bonding for 
  1.3             rail service improvement. 
  1.4   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.5      Section 1.  [APPROPRIATION; RAIL SERVICE IMPROVEMENT.] 
  1.6      $7,000,000 is appropriated from the bond proceeds fund in 
  1.7   fiscal year 2005 to the commissioner of transportation for 
  1.8   deposit in the rail service improvement account under Minnesota 
  1.9   Statutes, section 222.49. 
  1.10     Sec. 2.  [BOND SALE.] 
  1.11     To provide the money appropriated by section 1 from the 
  1.12  bond proceeds fund, the commissioner of finance shall sell and 
  1.13  issue bonds of the state in an amount up to $7,000,000 in the 
  1.14  manner, on the terms, and with the effect prescribed by 
  1.15  Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
  1.16  Minnesota Constitution, article XI, sections 4 to 7.