SF 1248

as introduced - 90th Legislature (2017 - 2018) Posted on 02/23/2017 09:25am

A bill for an act
relating to capital investment; appropriating money for rail grade separation in
Coon Rapids; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin ANOKA COUNTY; FOLEY BOULEVARD NORTHWEST RAIL GRADE
SEPARATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,849,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to Anoka County to predesign, design,
engineer, and construct a grade separated rail crossing at Foley Boulevard Northwest (Anoka
County State-Aid Highway 11) in the city of Coon Rapids. This appropriation is not available
until the commissioner of management and budget determines that at least an equal amount
is committed to the project from nonstate sources.
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 $10,849,000 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