SF 550

as introduced - 91st Legislature (2019 - 2020) Posted on 01/28/2019 03:28pm

A bill for an act
relating to capital investment; appropriating money for the Apple Valley Red Line
147th Street Station skyway 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 APPLE VALLEY TRANSIT STATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,960,000 is appropriated from the bond proceeds fund
to the Metropolitan Council to complete design and to construct and renovate the Apple
Valley Red Line 147th Street Station. This project includes the addition of a skyway to
connect the northbound and southbound stations on either side of Cedar Avenue, constructing
and renovating additional waiting areas, and renovating and upgrading other station facilities
such as the staircases, elevators, and lighting. This appropriation is available when the
commissioner of management and budget determines that sufficient resources have been
committed from nonstate sources to complete the project.
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 $3,960,000 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