SF 3150

as introduced - 91st Legislature (2019 - 2020) Posted on 02/13/2020 04:33pm

A bill for an act
relating to capital investment; appropriating money for the Central Avenue NE
arterial bus rapid transit line; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin CENTRAL AVENUE NE ARTERIAL BUS RAPID TRANSIT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $....... is appropriated from the bond proceeds fund to
the Metropolitan Council for predesign, design, engineering, environmental analysis, and
right-of-way acquisition to establish the Central Avenue NE arterial bus rapid transit line
in a corridor that includes service on marked Trunk Highway 65 in the cities of Columbia
Heights and Fridley to 53rd Avenue, and marked Trunk Highway 47 in the cities of Fridley
and Spring Lake Park.
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 subdivision 1 from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $....... 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