HF 3034

as introduced - 91st Legislature (2019 - 2020) Posted on 02/11/2020 03:37pm

A bill for an act
relating to capital investment; appropriating money for a rail grade crossing
separation in Koochiching 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 KOOCHICHING COUNTY; CSAH 24 RAIL GRADE SEPARATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,000,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to Koochiching County to acquire land
for and to predesign, design, engineer, and construct a rail grade crossing separation where
County State-Aid Highway 24 crosses Canadian National railroad tracks near the cities of
Ranier and International Falls. This appropriation is not available until the commissioner
of management and budget determines that at least an equal amount has been committed
from other sources to complete the project.
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 $3,000,000 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