as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:12am
A bill for an act
relating to capital investment; appropriating money for an environmental impact
statement and preliminary engineering for the Southwest Transit Way Corridor;
authorizing the issuance of general obligation bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$5,000,000 is appropriated from the bond proceeds fund to the Metropolitan Council
for a grant to the Hennepin County Regional Rail Authority to prepare an environmental
impact statement (EIS) and for preliminary engineering for the Southwest Transit Way
Corridor, from the Hiawatha light rail in downtown Minneapolis to the vicinity of the
Southwest Station transit hub in Eden Prairie.
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To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$5,000,000 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.
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Sections 1 and 2 are effective the day following final enactment.
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