as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to capital investment; authorizing spending to acquire and better public
land and buildings and other improvements of a capital nature; authorizing
the issuance of state bonds; appropriating money for the city of Grand Rapids
at-grade railroad crossing improvements.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$900,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of Grand Rapids to
make at-grade railroad crossings improvements in the city. The project includes closing
the three at-grade crossings that do not have signals and cross arms, upgrading the fourth
crossing with a new turn lane and cross arms, realigning Third Street Southeast to connect
to Seventh Avenue Southeast, and acquisition of two properties. This appropriation is not
available until the commissioner of finance has determined that at least $2,400,000 has
been committed to the project from nonstate sources.
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To provide the money appropriated in subdivision 1 from the
bond proceeds fund, the commissioner of finance shall sell and issue bonds of the state in
an amount up to $900,000 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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This section is effective the day following final enactment.
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