Bill Text: MN HF1430 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Transit capital improvement program funding provided, bonds issued, and money appropriated.
Spectrum: Partisan Bill (Democrat 5-0)
Status: (Introduced - Dead) 2013-03-11 - Introduction and first reading, referred to Transportation Finance [HF1430 Detail]
Download: Minnesota-2013-HF1430-Introduced.html
1.2relating to capital investment; appropriating money for the transit capital
1.3improvement program; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. TRANSIT CAPITAL IMPROVEMENT.
1.6 Subdivision 1. Appropriation. $35,800,000 is appropriated from the bond proceeds
1.7fund to the Metropolitan Council, or to the Metropolitan Council for a grant to a local
1.8governmental unit, for capital expenditures as prescribed in the council's transit capital
1.9improvement program, under Minnesota Statutes, section 473.39, subdivision 4.
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 $35,800,000 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.
1.3improvement program; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. TRANSIT CAPITAL IMPROVEMENT.
1.6 Subdivision 1. Appropriation. $35,800,000 is appropriated from the bond proceeds
1.7fund to the Metropolitan Council, or to the Metropolitan Council for a grant to a local
1.8governmental unit, for capital expenditures as prescribed in the council's transit capital
1.9improvement program, under Minnesota Statutes, section 473.39, subdivision 4.
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 $35,800,000 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.
