SF 2137

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing funds 
  1.3             and appropriating money for transitways. 
  1.4   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.5      Section 1.  [APPROPRIATIONS; TRANSITWAYS.] 
  1.6      (a) $110,000,000 is appropriated from the bond proceeds 
  1.7   fund to the commissioner of transportation for the planning, 
  1.8   design, and engineering of transitways in the metropolitan 
  1.9   area.  The funds in this paragraph must be distributed as 
  1.10  follows: 
  1.11     (1) $60,000,000 is for the preliminary engineering, final 
  1.12  design, and construction of light rail transit in the Hiawatha 
  1.13  Avenue corridor from downtown Minneapolis to the Minneapolis-St. 
  1.14  Paul International Airport; 
  1.15     (2) $40,000,000 is for a grant to the appropriate county 
  1.16  regional rail authorities for major investment studies, 
  1.17  environmental and engineering studies, and implementation in: 
  1.18     (i) the Riverview corridor between the east side of St. 
  1.19  Paul and the Minneapolis-St. Paul International Airport; 
  1.20     (ii) the central light rail transit corridor between 
  1.21  downtown St. Paul and downtown Minneapolis; and 
  1.22     (iii) the Hennepin/Ramsey commuter rail connector corridor 
  1.23  between downtown St. Paul and downtown Minneapolis; and 
  1.24     (3) $10,000,000 is for a grant to the appropriate county 
  2.1   regional rail authorities for a major investment study, 
  2.2   engineering, and implementation in the Northstar corridor 
  2.3   between downtown Minneapolis and the St. Cloud area. 
  2.4      (b) To provide the money appropriated by paragraph (a) from 
  2.5   the bond proceeds fund, the commissioner of finance, on request 
  2.6   of the governor, shall sell and issue bonds of the state in an 
  2.7   amount up to $110,000,000 in the manner, on the terms, and with 
  2.8   the effect prescribed by Minnesota Statutes, sections 16A.631 to 
  2.9   16A.675, and by the Minnesota Constitution, article XI, sections 
  2.10  4 to 7.