SF 2834

as introduced - 91st Legislature (2019 - 2020) Posted on 04/25/2019 09:04am

A bill for an act
relating to capital investment; appropriating money for construction of a third
mainline railroad track in Anoka County; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin NORTHERN LIGHTS EXPRESS; THIRD MAINLINE RAILROAD
TRACK IN ANOKA COUNTY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $55,100,000 is appropriated from the bond proceeds
fund to the commissioner of transportation to design, engineer, and construct a third mainline
railroad track and related track, bridge, signal, and drainage improvements adjacent to the
two existing mainline tracks between the north end of BNSF's Northtown Yard in the vicinity
of mile post 14.9 and Coon Creek Junction at mile post 21.10.
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 $55,100,000 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