HF 3210

as introduced - 88th Legislature (2013 - 2014) Posted on 03/19/2014 12:17pm

A bill for an act
relating to transportation; capital investment; appropriating money for intercity
passenger rail; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin INTERCITY PASSENGER RAIL; TWIN CITIES TO ROCHESTER.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $15,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation to implement capital improvements and
betterments for high-speed intercity passenger rail service between Minneapolis/St. Paul
and Rochester, as identified in the statewide freight and passenger rail plan under Minnesota
Statutes, section 174.03, subdivision 1b, and which is deemed eligible for United States
Department of Transportation funding. Notwithstanding any law to the contrary, a portion
or phase of the intercity passenger rail project may be accomplished with one or more state
appropriations, and the intercity passenger rail project need not be completed with any one
appropriation. Capital improvements and betterments include preliminary engineering,
design, environmental analysis and mitigation, station development studies, acquisition
of land and right-of-way, and construction. This appropriation is not available until
the commissioner determines that an amount equaling at least one-third of the amount
appropriated under this subdivision has been committed from federal 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 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 $15,000,000 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