Bill Text: MN HF2061 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Ramsey County; east metro rail capacity improvement funding provided, bonds issued, and money appropriated.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Introduced - Dead) 2014-02-25 - Introduction and first reading, referred to Transportation Finance [HF2061 Detail]
Download: Minnesota-2013-HF2061-Introduced.html
1.2relating to capital investment; appropriating money for rail capacity
1.3improvements in the east metro; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. EAST METRO RAIL CAPACITY.
1.6 Subdivision 1. Appropriation. $10,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of transportation for a grant to Ramsey County to design and
1.8construct rail improvements to increase freight and passenger rail capacity in the east
1.9metro area.
1.10 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.11bond proceeds fund, the commissioner of management and budget shall sell and issue
1.12bonds of the state in an amount up to $10,000,000 in the manner, upon the terms, and with
1.13the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.14Minnesota Constitution, article XI, sections 4 to 7.
1.15EFFECTIVE DATE.This section is effective the day following final enactment.
1.3improvements in the east metro; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. EAST METRO RAIL CAPACITY.
1.6 Subdivision 1. Appropriation. $10,000,000 is appropriated from the bond proceeds
1.7fund to the commissioner of transportation for a grant to Ramsey County to design and
1.8construct rail improvements to increase freight and passenger rail capacity in the east
1.9metro area.
1.10 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.11bond proceeds fund, the commissioner of management and budget shall sell and issue
1.12bonds of the state in an amount up to $10,000,000 in the manner, upon the terms, and with
1.13the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.14Minnesota Constitution, article XI, sections 4 to 7.
1.15EFFECTIVE DATE.This section is effective the day following final enactment.
