HF 3670

as introduced - 90th Legislature (2017 - 2018) Posted on 03/26/2018 05:42pm

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

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

Section 1. new text begin PASSENGER RAIL.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $11,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation to match federal funds for and to continue
required passenger rail corridor development work for new and expanded service along
corridors identified in the 2015 State Rail Plan, including the Northern Lights Express
service between Minneapolis and St. Paul and Duluth and a second daily Amtrak train
between Minneapolis and St. Paul and Chicago.
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 $11,000,000 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