SF 749

as introduced - 87th Legislature (2011 - 2012) Posted on 02/23/2012 09:21am

A bill for an act
relating to capital improvements; appropriating money for the Integrated Energy
Corridor Project in St. Paul; authorizing the sale and issuance of state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin APPROPRIATION.
new text end

new text begin $8,000,000 is appropriated from the bond proceeds fund to the Metropolitan Council
for a grant to Ramsey County for the design, engineering, purchase, and construction of
piping for the Integrated Energy Corridor Project on University Avenue from Rice Street
to Hamline Avenue in St. Paul as part of the Central Corridor Light Rail Transit Project.
The Ramsey Rail Authority may enter into a lease or management agreement for the
use of the piping, subject to Minnesota Statutes, section 16A.695. This appropriation
is available when the commissioner has determined that an equal amount has been
committed from nonstate sources.
new text end

Sec. 2. new text begin BOND AUTHORIZATION.
new text end

new text begin To provide the money appropriated in this act from the bond proceeds fund, the
commissioner of management and budget shall sell and issue bonds of the state in an
amount up to $8,000,000 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