HF 4017

as introduced - 91st Legislature (2019 - 2020) Posted on 03/05/2020 08:08pm

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

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

Section 1. new text begin NORTHSTAR COMMUTER RAIL.
new text end

new text begin Subdivision 1. new text end

new text begin General fund appropriation. new text end

new text begin $3,000,000 is appropriated from the general
fund in fiscal year 2021 to the commissioner of transportation for public outreach,
negotiations with Burlington Northern Santa Fe Railway, identifying equipment needs, and
ridership and revenue studies to extend the Northstar commuter rail between Big Lake and
St. Cloud.
new text end

new text begin Subd. 2. new text end

new text begin Bond appropriation. new text end

new text begin $3,000,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for preliminary engineering and environmental work
to extend the Northstar commuter rail between Big Lake and St. Cloud.
new text end

new text begin Subd. 3. 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