HF 793

as introduced - 88th Legislature (2013 - 2014) Posted on 02/22/2013 01:40pm

A bill for an act
relating to capital investment; appropriating money for intercity passenger rail
projects; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin INTERCITY PASSENGER RAIL PROJECTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $26,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation to implement capital improvements and
betterments for intercity passenger rail projects as identified in the statewide freight and
passenger rail plan under Minnesota Statutes, section 174.03, subdivision 1b, which
are determined to be eligible for United States Department of Transportation funding.
Notwithstanding any law to the contrary, a portion or phase of an intercity passenger
rail project may be accomplished with one or more state appropriations and an intercity
passenger rail project need not be completed with any one appropriation. Capital
improvements and betterments include preliminary engineering, design, engineering,
environmental analysis and mitigation, acquisition of land and right-of-way, and
construction.
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 $26,000,000 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