language to be deleted (2) new language
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 planand 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 commissionother 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 provisionsection 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.