HF 852

as introduced - 90th Legislature (2017 - 2018) Posted on 02/06/2017 01:24pm

A bill for an act
relating to capital investment; appropriating money for a railroad quiet zone in
Rosemount; authorizing the issuance of state bonds.

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

Section 1. new text begin RAILROAD QUIET ZONE; ROSEMOUNT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,000,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to the city of Rosemount to predesign,
design, and construct railroad crossing improvements to create a quiet zone at the railroad
crossing located on Bonaire Path in Rosemount.
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 act from the bond proceeds
fund, the commissioner of management and budget shall sell and issue bonds of the state
in an amount up to $1,000,000 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