SF 2645

as introduced - 89th Legislature (2015 - 2016) Posted on 03/15/2016 09:55am

A bill for an act
relating to capital investment; appropriating money for a Wooddale Avenue light
rail transit station; authorizing the sale and issuance of state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin WOODDALE AVENUE LIGHT RAIL TRANSIT STATION; ST.
LOUIS PARK.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,741,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of St. Louis Park to
acquire land, design, construct, furnish, and equip improvements to a transit station along
a light rail line at Wooddale Avenue, including safety and circulation improvements at
Wooddale and Highway 7, a stairway connection to the Cedar Lake Regional Trail, and
relocation of utilities. This appropriation is not available until at least an equal amount is
committed from nonstate sources.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $5,741,000 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

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end