SF 3983

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/20/2024 09:33am

A bill for an act
relating to capital investment; appropriating money for rail grade warning devices;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin RAILROAD WARNING DEVICES.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation to design, construct, and equip rail grade crossings
with active rail grade crossing warning devices or to replace active highway rail grade
crossing warning devices that have reached the end of their useful life at public rail grade
crossings. This includes modifications to roadway approaches where necessary to fully
implement the installation of new or upgraded active warning devices.
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 $10,000,000 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