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HF 1109

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/15/2021 02:33pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15

A bill for an act
relating to capital investment; appropriating money for Minneapolis to Duluth
high-speed passenger rail; authorizing the sale and issuance of state bonds.


Section 1. new text beginNORTHERN LIGHTS EXPRESS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,000,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for completion of engineering of the
Minneapolis-Duluth Northern Lights Express high-speed passenger rail project, as identified
in the comprehensive statewide freight and passenger rail plan. This appropriation may be
used first to maximize nonstate funding for the purposes of this subdivision.
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 $4,000,000 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