SF 2967

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; authorizing issuance 
  1.3             of state bonds for the rail service improvement 
  1.4             program; appropriating money. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION.] 
  1.7      $12,000,000 is appropriated from the bond proceeds fund to 
  1.8   the commissioner of transportation for grants under the rail 
  1.9   service improvement program under Minnesota Statutes, section 
  1.10  222.50.  
  1.11     Sec. 2.  [BOND SALE.] 
  1.12     To provide the money appropriated in section 1 from the 
  1.13  bond proceeds fund, the commissioner of finance, on request of 
  1.14  the governor, shall sell and issue bonds of the state in an 
  1.15  amount up to $12,000,000 in the manner, on the terms, and with 
  1.16  the effect prescribed by Minnesota Statutes, sections 16A.631 to 
  1.17  16A.675, and by the Minnesota Constitution, article XI, sections 
  1.18  4 to 7. 
  1.19     Sec. 3.  [EFFECTIVE DATE.] 
  1.20     Sections 1 and 2 are effective the day following final 
  1.21  enactment.