HF 3107

as introduced - 90th Legislature (2017 - 2018) Posted on 02/26/2018 02:37pm

A bill for an act
relating to capital investment; appropriating money for a separated rail grade
crossing of 11th Street in the city of Moorhead; authorizing the sale and issuance
of state bonds.

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

Section 1. new text begin MOORHEAD; 11TH STREET RAIL GRADE CROSSING.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $7,000,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to the city of Moorhead for predesign,
environmental assessment, environmental work, design, engineering, utility relocation, and
acquisition of property for a rail grade crossing separation in the vicinity of 11th Street in
the city of Moorhead. This appropriation is available when the commissioner of management
and budget determines that sufficient resources have been committed to complete the project
as required by Minnesota Statutes, section 16A.502.
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 section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $7,000,000 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

new text begin EFFECTIVE DATE. new text end

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