HF 2537

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; authorizing issuance
of state bonds; appropriating money for Red Rock
corridor transit way.

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

Section 1. new text begin RED ROCK CORRIDOR TRANSIT WAY; APPROPRIATION.
new text end

new text begin $1,000,000 is appropriated from the bond proceeds fund to
the department of transportation for preliminary engineering and
environmental review of the Red Rock corridor transit way
between Hastings and Minneapolis via St. Paul.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 1 from the
bond proceeds fund, the commissioner of finance shall sell and
issue bonds of the state in an amount up to $1,000,000 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Section 1 is effective the day following final enactment.
new text end