HF 4286

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/14/2022 03:09pm

A bill for an act
relating to capital investment; appropriating money for the F Line bus rapid transit
project; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin F LINE BUS RAPID TRANSIT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $30,000,000 is appropriated from the bond proceeds
fund to the Metropolitan Council for predesign, design, engineering, environmental analysis,
right-of-way acquisition, and construction for the F Line project to establish arterial bus
rapid transit in a corridor from downtown Minneapolis to the Northtown Transit Center in
Blaine.
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 $30,000,000 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