HF 3011

1st Engrossment - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing issuance 
  1.3             of state bonds for the rail service improvement 
  1.4             program; appropriating money. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION.] 
  1.7      $5,000,000 is appropriated from the bond proceeds fund to 
  1.8   the commissioner of transportation for the purposes specified in 
  1.9   Minnesota Statutes, sections 222.49 to 222.63.  
  1.10     Sec. 2.  [BOND SALE.] 
  1.11     To provide the money appropriated in section 1 from the 
  1.12  bond proceeds fund, the commissioner of finance, on request of 
  1.13  the governor, shall sell and issue bonds of the state in an 
  1.14  amount up to $5,000,000 in the manner, on the terms, and with 
  1.15  the effect prescribed by Minnesota Statutes, sections 16A.631 to 
  1.16  16A.675, and by the Minnesota Constitution, article XI, sections 
  1.17  4 to 7. 
  1.18     Sec. 3.  [EFFECTIVE DATE.] 
  1.19     Sections 1 and 2 are effective the day following final 
  1.20  enactment.