HF 2992

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to capital improvements; appropriating money for the Little Crow transit
way; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $1,000,000 is appropriated from the bond proceeds fund to the commissioner of
transportation for transit service in the Little Crow transit way along or near marked Trunk
Highway 12 between Willmar and downtown Minneapolis. The funds may be used for:
new text end

new text begin (1) advanced corridor planning, preliminary design, preliminary engineering, design
of passenger facilities, environmental studies, analysis of railroad capacity, and property
appraisals; and
new text end

new text begin (2) design, land acquisition, construction, and furnishing of park-and-ride or
park-and-pool lots located along the corridor.
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 Sections 1 and 2 are effective the day following final enactment.
new text end