SF 2909

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing state 
  1.3             bonds; appropriating money for Northstar Commuter Rail 
  1.4             line. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [NORTHSTAR COMMUTER RAIL LINE; APPROPRIATION.] 
  1.7      $37,500,000 is appropriated from the bond proceeds fund to 
  1.8   the commissioner of transportation for final design and project 
  1.9   management of a commuter rail line serving Big Lake to downtown 
  1.10  Minneapolis; to acquire land for stations, maintenance 
  1.11  facilities, and park and ride lots; and for final design and 
  1.12  project management of an extension of the Hiawatha Light Rail 
  1.13  Transit line from its terminus in downtown Minneapolis to a new 
  1.14  terminus near Fifth Avenue North adjacent to the proposed 
  1.15  downtown Minneapolis commuter rail station. 
  1.16     This appropriation is not available until $37,500,000 has 
  1.17  been committed by local governments and approval to proceed to 
  1.18  final design has been authorized by the Federal Transit 
  1.19  Administration. 
  1.20     Up to $10,000,000 of this appropriation may be used for 
  1.21  final design and project management. 
  1.22     After a full-funding grant agreement has been executed with 
  1.23  the Federal Transit Administration for the Northstar Commuter 
  1.24  Rail project, the remaining balance of this appropriation not 
  1.25  committed for final design and project management or committed 
  2.1   to acquire land shall be available to construct, furnish, and 
  2.2   equip the Northstar Commuter Rail line and to construct, 
  2.3   furnish, and equip the extension of the Light Rail Transit line. 
  2.4      Sec. 2.  [BOND SALE.] 
  2.5      To provide the money appropriated in section 1 from the 
  2.6   bond proceeds fund, the commissioner of finance shall sell and 
  2.7   issue bonds of the state in an amount up to $37,500,000 in the 
  2.8   manner, on the terms, and with the effect prescribed by 
  2.9   Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
  2.10  Minnesota Constitution, article XI, sections 4 to 7. 
  2.11     Sec. 3.  [EFFECTIVE DATE.] 
  2.12     Sections 1 and 2 are effective the day following final 
  2.13  enactment.