1.1 	A bill for an act
1.2 	relating to railroads; appropriating money for a grantto Minnesota Valley 
1.3 	Regional Rail Authority for rehabilitatingcertain railroad track; authorizing 
1.4 	issuance of general obligation bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. RAILROAD TRACK REHABILITATION.
 1.7 		Subdivision 1.Appropriation. $....... is appropriated from the bond proceeds fund 
1.8 	tothe commissioner of transportation for a grant to the Minnesota Valley RegionalRail 
1.9 	Authority for rehabilitating 33 miles of railroad track fromGibbon to Norwood-Young 
1.10 	America. The commissioner may not makethe grant until the commissioner has 
1.11 	determined that the authority has obtaineda commitment for at least $....... in federal 
1.12 	funds for the project. A grant underthis section is in addition to any grant, loan, or loan 
1.13 	guaranteefor this project made by the commissioner under Minnesota Statutes, sections 
1.14 	222.46to 222.62.
1.15 		Subd. 2.Bond Sale. To provide the money appropriated in this section fromthe 
1.16 	bond proceeds fund, the commissioner of finance shallsell and issue bonds of the state 
1.17 	in an amount up to $....... in the manner,on the terms, and with the effect prescribed by 
1.18 	MinnesotaStatutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution, 
1.19 	articleXI, sections 4 to 7.

1.20 	EFFECTIVE DATE. This sectionis effective the day following final enactment.