as introduced - 92nd Legislature (2021 - 2022) Posted on 03/14/2022 03:09pm
A bill for an act
relating to capital investment; appropriating money for the F Line bus rapid transit
project; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
new text begin
$30,000,000 is appropriated from the bond proceeds
fund to the Metropolitan Council for predesign, design, engineering, environmental analysis,
right-of-way acquisition, and construction for the F Line project to establish arterial bus
rapid transit in a corridor from downtown Minneapolis to the Northtown Transit Center in
Blaine.
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 $30,000,000 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
This section is effective the day following final enactment.
new text end