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SF 1501

as introduced - 88th Legislature (2013 - 2014) Posted on 10/28/2014 01:43pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to capital improvements; appropriating money for a personal rapid
transit safety certification and training facility; 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 (a) $....... is appropriated from the bond proceeds fund to the Board of Regents of
the University of Minnesota to design, acquire, construct, furnish, and equip a personal
rapid transit safety certification and training facility located in a city designated under
paragraph (b). The facility plans must include a guideway approximately 2,500 feet in
length, an off-line station, and a maintenance and control center. The facility must be
designed and constructed with plans that will support the development of future personal
rapid transit systems.
new text end

new text begin (b) Following a solicitation process, the board shall enter into an agreement to
implement the project under this section with a Minnesota city with power to issue
obligation bonds and with a minimum population of 35,000. The board may enter into
agreements for the design, construction, and operation of the facility subject to Minnesota
Statutes, section 16A.695. The purpose of this project is to: (1) confirm the safety of
the patented personal rapid transit technology for sustainable public transit service; (2)
provide an opportunity for engineers and technicians to be trained in its design and
operation; and (3) establish a new economically self-sustaining technology in Minnesota.
new text end

new text begin (c) The appropriation is not available until the commissioner determines that $.......
has been committed to the project from nonstate sources.
new text end

new text begin (d) To the greatest extent feasible, the system must be built with components that are
manufactured and assembled in Minnesota.
new text end

Sec. 2. new text begin BOND SALE.
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 $....... 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

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end