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 Central Corridor Transit Way. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [CENTRAL CORRIDOR TRANSIT WAY; APPROPRIATION.] 1.7 $5,250,000 is appropriated from the bond proceeds fund to 1.8 the Metropolitan Council for planning, final environmental 1.9 impact statement, and preliminary engineering of the Central 1.10 Corridor Transit Way between St. Paul and the city of 1.11 Minneapolis. 1.12 Sec. 2. [BOND SALE.] 1.13 To provide the money appropriated in section 1 from the 1.14 bond proceeds fund, the commissioner of finance shall sell and 1.15 issue bonds of the state in an amount up to $5,250,000 in the 1.16 manner, upon the terms, and with the effect prescribed by 1.17 Minnesota Statutes, sections 16A.631 to 16A.675, and by the 1.18 Minnesota Constitution, article XI, sections 4 to 7. 1.19 Sec. 3. [EFFECTIVE DATE.] 1.20 Section 1 is effective the day following final enactment.