as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital improvements; authorizing the sale and issuance of state
bonds; appropriating money for Cedar Avenue Bus Rapid Transit.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$22,000,000 is appropriated from the bond proceeds fund to the Metropolitan
Council to acquire land, or an interest in land, and to design, construct, furnish, and equip
the Cedar Avenue Bus Rapid Transit in Dakota County. This appropriation may not be
spent for capital improvements within a trunk highway right-of-way.
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To provide the money appropriated in section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$22,000,000 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.
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Sections 1 and 2 are effective the day following final enactment.
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