Subdivision 1. Application.
The terms defined in this section are used in sections
with the following meanings, respectively.
Subd. 2. Authority.
"Authority" means a regional railroad authority organized and existing
as a political subdivision and local government unit pursuant to section
Subd. 3. Bonds.
"Bonds" means any bonds, notes, or other obligations issued by an authority
pursuant to section
Subd. 4. Governing body.
"Governing body" means the board, council, or other body
authorized by law to exercise the governmental powers of a municipality.
Subd. 5. Municipality.
"Municipality" means any county, city, or town.
Subd. 6. Project.
"Project" means any railroad facilities proposed to be acquired, constructed,
improved, or refinanced by an authority in whole or part by the issuance of bonds, including any
real or personal property, structures, machinery, equipment, and appurtenances determined by the
authority to be useful or convenient for railroad operations and handling passengers or freight.
Subd. 7. Real property.
"Real property" means lands, structures, improvements thereof, and
water and riparian rights, and any and all interests and estates therein, legal or equitable, including
but not limited to easements, rights-of-way, uses, leases, and licenses.
Subd. 8. Regional Railroad Authorities Act.
"Regional Railroad Authorities Act" means
History: 1980 c 616 s 1; 1983 c 216 art 1 s 66