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Minnesota Legislature

Office of the Revisor of Statutes

HF 1929

as introduced - 91st Legislature (2019 - 2020) Posted on 03/04/2019 02:06pm

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

Bill Text Versions

Engrossments
Introduction Posted on 03/04/2019

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
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1.16

A bill for an act
relating to transportation; capital investment; appropriating money for the
Minnesota rail service improvement program; authorizing the sale and issuance
of state bonds.

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

Section 1. new text beginMINNESOTA RAIL SERVICE IMPROVEMENT PROGRAM;
APPROPRIATION AND BOND SALE AUTHORIZATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for Minnesota rail service improvement program
grants under Minnesota Statutes, section 222.50.
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 subdivision 1 from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $10,000,000 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