1st Engrossment - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to local government; authorizing local 1.3 bonding for personal rapid transit; amending Minnesota 1.4 Statutes 2002, sections 475.51, by adding a 1.5 subdivision; 475.52, by adding a subdivision. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. Minnesota Statutes 2002, section 475.51, is 1.8 amended by adding a subdivision to read: 1.9 Subd. 15. [PERSONAL RAPID TRANSIT; PRT.] "Personal rapid 1.10 transit" or "PRT" is a transit system consisting of elevated 1.11 guideways that allow automated electrically driven vehicles to 1.12 carry individuals nonstop from any station on the system to any 1.13 other station on the system. 1.14 Sec. 2. Minnesota Statutes 2002, section 475.52, is 1.15 amended by adding a subdivision to read: 1.16 Subd. 7. [LOANS FOR PRT.] A statutory or home rule charter 1.17 city, county, or town may issue bonds or other obligations and 1.18 loan the proceeds, with or without charging interest, to a 1.19 public or private entity to design, construct, furnish, and 1.20 equip a personal rapid transit system or a PRT public safety 1.21 certification and training facility.