HF 2559

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 and appropriating money for Cedar
Avenue transit way.

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

Section 1. new text begin CEDAR AVENUE TRANSIT WAY; APPROPRIATION.
new text end

new text begin $1,600,000 is appropriated from the bond proceeds fund to
the commissioner of transportation for planning, environmental
studies, engineering, real property acquisition, and
construction of corridor improvements for the Cedar Avenue
transit way from the Apple Valley/Lakeville area in Dakota
County to the Mall of America in the city of Bloomington.
new text end

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

new text begin To provide the amount 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 $1,600,000 in the
manner, on 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