1.1 	A bill for an act
1.2 	relating to capital improvements; appropriating money
1.3 	for reconstruction of railroad bridge crossing in city
1.4 	of Golden Valley; authorizing issuance of state
1.5 	transportation bonds.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. APPROPRIATION; GOLDEN VALLEY RAILROAD BRIDGE
1.8 	CROSSING.
 1.9 	$953,000 is appropriated from the bond proceeds account in
1.10 	the state transportation fund to the commissioner of
1.11 	transportation for a grant to the city of Golden Valley to
1.12 	reconstruct the Canadian Pacific Railroad bridge crossing,
1.13 	including associated storm sewer work, as provided in Minnesota
1.14 	Statutes, section 174.50.

1.15 	Sec. 2. BOND SALE.
 1.16 	To provide the money appropriated in section 1 from the
1.17 	state transportation fund, the commissioner of finance shall
1.18 	sell and issue bonds of the state in an amount up to $953,000 in
1.19 	the manner, on the terms, and with the effect prescribed by
1.20 	Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.21 	Minnesota Constitution, article XI, sections 4 to 7.  The
1.22 	proceeds of the bonds, except accrued interest and any premium
1.23 	received on the sale of the bonds, must be credited to a bond
1.24 	proceeds account in the state transportation fund.

1.25 	Sec. 3. EFFECTIVE DATE.
 2.1 	Sections 1 and 2 are effective the day following final
2.2 	enactment.