HF 2548

as introduced - 90th Legislature (2017 - 2018) Posted on 05/18/2017 04:32pm

A bill for an act
relating to capital investment; appropriating money for phase 2 of the Orange 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 ORANGE LINE, PHASE 2.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $9,000,000 is appropriated from the bond proceeds fund
to the Metropolitan Council for phase 2 of the I-35W bus rapid transit line between downtown
Minneapolis and Burnsville, known as the Orange Line, including design, preliminary
engineering and engineering, and construction of a parking expansion and station on Buck
Hill Road.
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 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 $9,000,000 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