HF 10

as introduced - 82nd Legislature, 2002 1st Special Session (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing the 
  1.3             issuance of state bonds; appropriating money for the 
  1.4             Northstar commuter rail project. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION.] 
  1.7      $123,200,000 is appropriated from the bond proceeds fund to 
  1.8   the commissioner of transportation for the Northstar commuter 
  1.9   rail project. 
  1.10     Sec. 2.  [BOND SALE.] 
  1.11     To provide the money appropriated in this act from the bond 
  1.12  proceeds fund, the commissioner of finance shall sell and issue 
  1.13  bonds of the state in an amount up to $123,200,000 in the 
  1.14  manner, upon 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. 
  1.17     Sec. 3.  [EFFECTIVE DATE.] 
  1.18     Sections 1 and 2 are effective the day following final 
  1.19  enactment.