HF 64

as introduced - 83rd Legislature, 2003 1st Special Session (2003 - 2003) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing state 
  1.3             bonds; appropriating money for the Northstar commuter 
  1.4             rail line. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [NORTH STAR COMMUTER RAIL LINE; APPROPRIATION.] 
  1.7      (a) $47,700,000 is appropriated from the bond proceeds fund 
  1.8   to the commissioner of transportation to acquire real property 
  1.9   and lease right-of-way for, and to plan, design, engineer, 
  1.10  construct, and equip a commuter rail line between the city of 
  1.11  Rice and downtown Minneapolis.  
  1.12     (b) No more than $12,000,000 of this appropriation may be 
  1.13  spent before the commissioner of transportation has executed a 
  1.14  full-funding grant agreement with the Federal Transportation 
  1.15  Administration that provides for constructing and equipping the 
  1.16  line.  
  1.17     (c) The legislature anticipates that the federal government 
  1.18  will contribute at least $151,000,000 for the line, and that the 
  1.19  2004 legislature will appropriate approximately $75,500,000 as 
  1.20  the final state contribution to constructing and equipping the 
  1.21  line. 
  1.22     (d) This appropriation must be spent for purposes as set 
  1.23  forth in the Minnesota Constitution, article XI, section 5, 
  1.24  clause (a), to acquire and better public lands and buildings and 
  1.25  other public improvements of a capital nature, and for purposes 
  2.1   as set forth in the Minnesota Constitution, article XI, section 
  2.2   5, clause (i), to improve and rehabilitate railroad 
  2.3   rights-of-way and other rail facilities, whether public or 
  2.4   private. 
  2.5      Sec. 2.  [BOND SALE.] 
  2.6      To provide the money appropriated in section 1 from the 
  2.7   bond proceeds fund, the commissioner of finance shall sell and 
  2.8   issue bonds of the state in an amount up to $123,300,000 in the 
  2.9   manner, on the terms, and with the effect prescribed by 
  2.10  Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
  2.11  Minnesota Constitution, article XI, sections 4 to 7. 
  2.12     Sec. 3.  [EFFECTIVE DATE.] 
  2.13     Section 1 is effective the day following final enactment.