SF 2262

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 11:36pm

A bill for an act
relating to capital improvements; appropriating money for the Northern Lights
Express Passenger Rail; 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 $13,000,000 is appropriated from the bond proceeds fund to the commissioner of
transportation for a grant to the St. Louis and Lake Counties Regional Railroad Authority
to plan and conduct studies in accordance with the Federal Railroad Administration
Railroad Corridor Transportation Planning Manual; and to administer, design, engineer,
and construct the Northern Lights Express intercity and passenger rail service between the
cities of Duluth and Minneapolis. The commissioner of transportation may release funds
under this appropriation to complete all or portions of the eligible expenditures listed in
this section after consultation with Northern Lights Express Passenger Rail Alliance
officials and in compliance with Federal Railroad Administration guidelines.
new text end

Sec. 2. new text begin BOND AUTHORIZATION.
new text end

new text begin To provide the money appropriated in section 1 from the bond proceeds fund, the
commissioner of management and budget shall sell and issue bonds of the state in an
amount up to $13,000,000 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

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