HF 1371

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; appropriating money for North Shore Express
Intercity Rail Initiative; authorizing sale and issuance of state bonds.

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

Section 1. new text begin APPROPRIATION FOR NORTH SHORE EXPRESS INTERCITY
RAIL INITIATIVE.
new text end

new text begin $1,700,000 is appropriated from the bond proceeds fund to the commissioner
of transportation for a grant to St. Louis and Lake County Regional Rail Authority for
railroad acquisition and track restoration, environmental impact studies, advanced corridor
planning, preliminary design and preliminary engineering, station design, analysis of
railroad capacity, and easement costs for intercity and passenger rail service between the
city of Duluth and the cities of Minneapolis and St. Paul.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$1,700,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end