SF 1959

as introduced - 88th Legislature (2013 - 2014) Posted on 05/19/2014 10:10am

A bill for an act
relating to capital investment; appropriating money for the Metro Red Line Cedar
Grove Transit Station; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin METRO RED LINE CEDAR GROVE TRANSIT STATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $6,000,000 is appropriated from the bond proceeds
fund to the Metropolitan Council for a grant to Dakota County for land acquisition,
preliminary engineering, design, and construction of roadway infrastructure, a pedestrian
overpass, transit station facilities, and other improvements to provide direct access to and
from marked Trunk Highway 77 to the existing Metro Red Line Cedar Grove Transit
Station in the city of Eagan.
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 $6,000,000 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end