SF 518

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to transportation; appropriating money and 
  1.3             authorizing issuance of state bonds for Cedar Avenue 
  1.4             bus transit way. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [CEDAR AVENUE BUS TRANSIT WAY; APPROPRIATION.] 
  1.7      $5,000,000 is appropriated from the bond proceeds fund to 
  1.8   the commissioner of transportation for environmental studies, 
  1.9   transit improvements, and matching funds to federal 
  1.10  appropriations for the Cedar Avenue bus transit way between the 
  1.11  Mall of America in the city of Bloomington and the cities of 
  1.12  Eagan, Apple Valley, Burnsville, and Lakeville. 
  1.13     Sec. 2.  [BOND SALE.] 
  1.14     To provide the money appropriated in this act from the bond 
  1.15  proceeds fund, the commissioner of finance shall sell and issue 
  1.16  bonds of the state in an amount up to $5,000,000 in the manner, 
  1.17  upon the terms, and with the effect prescribed in Minnesota 
  1.18  Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
  1.19  Constitution, article XI, sections 4 to 7.  
  1.20     Sec. 3.  [EFFECTIVE DATE.] 
  1.21     This act is effective the day following final enactment.