SF 1513

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to county regional railroad authorities; providing that certain costs for
rail transit projects are not to be funded by county regional railroad authorities;
proposing coding for new law in Minnesota Statutes, chapter 398A.

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

Section 1.

new text begin [398A.10] TRANSIT FUNDING.
new text end

new text begin Subdivision 1. new text end

new text begin Capital costs. new text end

new text begin A county regional railroad authority may not
contribute more than ten percent of the capital costs on a transit project. For purposes of
this section, "transit project" includes, but is not limited to, light rail transit (LRT), bus,
bus rapid transit (BRT), and commuter rail.
new text end

new text begin Subd. 2. new text end

new text begin Operating and maintenance costs. new text end

new text begin A county regional railroad authority
may not contribute any funds to pay the operating and maintenance costs for a transit
project, as defined in subdivision 1. If a county regional railroad authority is contributing
funds for operating and maintenance costs on a transit project on the date of the enactment
of this act, the authority may continue to contribute funds for these purposes until January
1, 2009.
new text end

Sec. 2. new text begin EFFECTIVE DATE.
new text end

new text begin Section 1 is effective the day following final enactment.
new text end