HF 3092

as introduced - 89th Legislature (2015 - 2016) Posted on 03/14/2016 03:59pm

A bill for an act
relating to capital investment; appropriating money for a Beltline Boulevard light
rail transit station; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin BELTLINE BOULEVARD LIGHT RAIL TRANSIT STATION; ST.
LOUIS PARK.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $4,363,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of St. Louis Park to
acquire land, predesign, design, construct, furnish, and equip improvements at the
intersection of Beltline Boulevard and County State-Aid Highway 25, extending Lynn
Avenue south and west along a rail right-of-way, and construct regional trail overpass
stairways and transit station area access plan improvements, including new roadways and
safe pedestrian access. This appropriation is not available until at least an equal amount is
committed from nonstate sources.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this act from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $4,363,000 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end