HF 3767

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/24/2022 02:06pm

A bill for an act
relating to capital investment; appropriating money for the H Line bus rapid transit
project; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin H LINE BUS RAPID TRANSIT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $55,000,000 is appropriated from the bond proceeds
fund to the Metropolitan Council for predesign, design, engineering, environmental analysis,
and right-of-way acquisition to establish the H Line bus rapid transit line in a corridor from
downtown Minneapolis to the Sun Ray Transit Center in St. Paul via Como Avenue and
Maryland Avenue.
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 subdivision 1 from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $55,000,000 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