SF 619

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

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing the 
  1.3             issuance of state bonds; appropriating money for the 
  1.4             Rush Line corridor transitway. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [RUSH LINE CORRIDOR TRANSITWAY; APPROPRIATION.] 
  1.7      $1,000,000 is appropriated from the bond proceeds fund to 
  1.8   the metropolitan council to match federal funds and for 
  1.9   right-of-way acquisition, planning, and engineering of the Rush 
  1.10  Line corridor transitway between St. Paul and Hinckley. 
  1.11     Sec. 2.  [BOND SALE.] 
  1.12     To provide the money appropriated in section 1 from the 
  1.13  bond proceeds fund, the commissioner of finance shall sell and 
  1.14  issue bonds of the state in an amount up to $1,000,000 in the 
  1.15  manner, upon the terms, and with the effect prescribed by 
  1.16  Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
  1.17  Minnesota Constitution, article XI, sections 4 to 7. 
  1.18     Sec. 3.  [EFFECTIVE DATE.] 
  1.19     Section 1 is effective the day following final enactment.