as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am
|Introduction||Posted on 02/04/2002|
1.1 A bill for an act 1.2 relating to capital improvements; authorizing the 1.3 issuance of state bonds; appropriating money for the 1.4 state's share of a high speed rail line between St. 1.5 Paul and Chicago. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. [APPROPRIATION.] 1.8 $10,000,000 is appropriated from the bond proceeds fund to 1.9 the commissioner of transportation for the state's share of a 1.10 high speed rail line between St. Paul and Chicago. No part of 1.11 this appropriation may be spent to acquire or better capital 1.12 improvements outside the state of Minnesota or that may be used 1.13 from time to time outside the state of Minnesota. 1.14 Sec. 2. [BOND SALE.] 1.15 To provide the money appropriated in this act from the bond 1.16 proceeds fund, the commissioner of finance shall sell and issue 1.17 bonds of the state in an amount up to $10,000,000 in the manner, 1.18 upon the terms, and with the effect prescribed by Minnesota 1.19 Statutes, sections 16A.631 to 16A.675, and by the Minnesota 1.20 Constitution, article XI, sections 4 to 7. 1.21 Sec. 3. [EFFECTIVE DATE.] 1.22 Sections 1 and 2 are effective the day following final 1.23 enactment.