SF 1424

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             Red Rock corridor transitway. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [RED ROCK CORRIDOR TRANSITWAY; APPROPRIATION.] 
  1.7      $1,000,000 is appropriated from the bond proceeds fund to 
  1.8   the department of transportation for preliminary engineering and 
  1.9   environmental review of the Red Rock corridor transitway between 
  1.10  Hastings through St. Paul to Minneapolis. 
  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.