Bill Text: MN HF401 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Southwest Corridor light rail transit line funding provided, bonds issued, and money appropriated.
Spectrum: Partisan Bill (Democrat 11-0)
Status: (Introduced - Dead) 2013-02-18 - Author added Bly [HF401 Detail]
Download: Minnesota-2013-HF401-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. $37,000,000 is appropriated from the bond proceeds
1.7fund to the Metropolitan Council for environmental studies and preliminary engineering,
1.8to acquire real property, or interests in real property, and to design the Southwest Corridor
1.9light rail transit line from the Hiawatha light rail transit line in downtown Minneapolis to
1.10Eden Prairie.
1.11 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.12bond proceeds fund, the commissioner of management and budget shall sell and issue
1.13bonds of the state in an amount up to $37,000,000 in the manner, upon the terms, and with
1.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.15Minnesota Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE 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. $37,000,000 is appropriated from the bond proceeds
1.7fund to the Metropolitan Council for environmental studies and preliminary engineering,
1.8to acquire real property, or interests in real property, and to design the Southwest Corridor
1.9light rail transit line from the Hiawatha light rail transit line in downtown Minneapolis to
1.10Eden Prairie.
1.11 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.12bond proceeds fund, the commissioner of management and budget shall sell and issue
1.13bonds of the state in an amount up to $37,000,000 in the manner, upon the terms, and with
1.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.15Minnesota Constitution, article XI, sections 4 to 7.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
