Bill Text: MN HF1696 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Southwest Corridor light rail transit line funding provided, bonds issued, and money appropriated.
Sponsorship: Partisan Bill (Democrat 5)
Status: (Introduced - Dead) 2011-05-11 - Authors added Hornstein and Hausman [HF1696 Detail]
Download: Minnesota-2011-HF1696-Introduced.html
1.2relating to capital investment; appropriating money for the Southwest Corridor
1.3light rail transit line; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. SOUTHWEST CORRIDOR LIGHT RAIL TRANSIT LINE.
1.6 Subdivision 1. Appropriation. $5,000,000 is appropriated from the bond proceeds
1.7fund to the Metropolitan Council for preliminary engineering for the Southwest Corridor
1.8light rail transit line from the Hiawatha light rail transit line in downtown Minneapolis to
1.9the vicinity of the Southwest Station transit hub in Eden Prairie.
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 $5,000,000 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.
1.3light rail transit line; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. SOUTHWEST CORRIDOR LIGHT RAIL TRANSIT LINE.
1.6 Subdivision 1. Appropriation. $5,000,000 is appropriated from the bond proceeds
1.7fund to the Metropolitan Council for preliminary engineering for the Southwest Corridor
1.8light rail transit line from the Hiawatha light rail transit line in downtown Minneapolis to
1.9the vicinity of the Southwest Station transit hub in Eden Prairie.
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 $5,000,000 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.
