HF 3743

as introduced - 90th Legislature (2017 - 2018) Posted on 03/14/2018 11:42am

A bill for an act
relating to capital investment; appropriating money for railroad crossing safety
improvements; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin RAIL CROSSING SAFETY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,200,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for construction of railroad crossing safety
improvements. Of this appropriation, $350,000 is for crossings at Townline Road and marked
County Road 19 in the city of Loretto; $450,000 is for crossings at marked County Road
116/County Road 115 and Arrowhead Drive in the city of Medina; and $400,000 is for
crossings at East Lake Street and Barry Avenue in the city of Wayzata.
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 $1,200,000 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