HF 1517

as introduced - 88th Legislature (2013 - 2014) Posted on 03/13/2013 02:59pm

A bill for an act
relating to capital investment; appropriating money for safety and infrastructure
improvements in the BNSF Northtown Yard to increase the speed of Northstar
Commuter Rail travel through the yard; authorizing the sale and issuance of
state bonds.

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

Section 1. new text begin NORTHTOWN YARD SAFETY AND INFRASTRUCTURE
IMPROVEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $650,000 is appropriated from the bond proceeds
fund to the Metropolitan Council for safety and infrastructure improvements in the
Burlington Northern Santa Fe's Northtown Yard located south of I-694 in Anoka County,
to allow for a higher speed limit for Northstar Commuter Rail trains travelling through
the Northtown Yard. This appropriation is not available until the commissioner of
management and budget determines that at least an equal amount is committed to the
project from nonstate sources.
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 $650,000 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