Minnesota Session Laws - 1989, Regular Session

  

                         Laws of Minnesota 1989 

                        CHAPTER 283-H.F.No. 1137 
           An act relating to metropolitan government; regulating 
          the borrowing authority of the regional transit board; 
          amending Minnesota Statutes 1988, section 473.39, 
          subdivision 1a. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
     Section 1.  Minnesota Statutes 1988, section 473.39, 
subdivision 1a, is amended to read: 
    Subd. 1a.  [OBLIGATIONS.] (a) After August 1, 1989, the 
council may issue certificates of indebtedness, bonds, or other 
obligations under this section in an amount not 
exceeding $17,000,000 $26,000,000 for financial assistance to 
the commission, as prescribed in the implementation plan and 
capital plans of the board and the capital program of the 
commission.  
    (b) After August 1, 1989, the council may issue 
certificates of indebtedness, bonds, or other obligations under 
this section in an amount not exceeding $1,500,000 $4,700,000 
for land acquisition and capital improvements for park and ride 
lots and transit transfer stations planned for the interstate 
highway described in section 161.123, clause (2), commonly known 
as I-394.  These facilities may be constructed and maintained by 
the metropolitan transit commission other capital expenditures 
as prescribed in the implementation and capital plans of the 
board.  
    (c) The board shall require, as a condition of financial 
assistance to the commission, that the commission make 
facilities it constructs, acquires, or improves for I-394 with 
funds provided under this provision section available to all 
transit providers on a nondiscriminatory basis, as the board 
defines these terms.  
    (d) The limitation contained in this subdivision does not 
apply to refunding bonds issued by the council.  
    Sec. 2.  [APPLICATION.] 
    This act applies in the counties of Anoka, Carver, Dakota, 
Hennepin, Ramsey, Scott, and Washington. 
    Presented to the governor May 26, 1989 
    Signed by the governor May 30, 1989, 11:45 a.m.