HF 1493

as introduced - 91st Legislature (2019 - 2020) Posted on 02/17/2020 04:38pm

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

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

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

new text begin Subdivision 1. new text end

new text begin Appropriations. new text end

new text begin (a) $15,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for intercity passenger rail implementation on
phase I corridors identified in the 2015 update to the state rail plan under Minnesota Statutes,
section 174.03, subdivision 1b. This appropriation is available for development of rail
investment performance measures, project cost estimating, feasibility studies, alternatives
analysis, program delivery, and capital projects, including but not limited to: design;
preliminary and final engineering; environmental analysis and mitigation; acquisition of
land and right-of-way; and construction. Projects include the Northern Lights Express service
between Minneapolis and St. Paul and Duluth, a second daily Amtrak train between
Minneapolis and St. Paul and Chicago, Twin Cities to Milwaukee high-speed passenger
rail service, and extension of the Northstar Commuter Rail service to St. Cloud.
new text end

new text begin (b) $500,000 in fiscal year 2020 is appropriated from the general fund to the commissioner
of transportation for a feasibility study and alternatives analysis of the corridor from the
Twin Cities metropolitan area to Northfield and Albert Lea.
new text end

new text begin (c) Money appropriated in this subdivision is available until the project is completed or
abandoned subject to Minnesota Statutes, section 16A.642.
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 $15,000,000 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