HF 2432

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:04am

A bill for an act
relating to capital investment; appropriating money for the Ramsey Northstar
Commuter Rail Station; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin RAMSEY NORTHSTAR COMMUTER RAIL STATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,300,000 is appropriated from the bond proceeds
fund to the Metropolitan Council for a grant to the city of Ramsey to match federal
and local funds for environmental analysis, engineering, design, negotiations with the
Burlington Northern Santa Fe Railway, acquisition of real property or interests in real
property, and construction of a Northstar commuter rail station in the vicinity of the city
of Ramsey Municipal Center. This appropriation is not contingent on matching funds to
complete necessary project phases prior to the commencement of construction.
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 $4,300,000 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