Bill Text: MN SF1172 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Hennepin county Lake street transit station bond issue and appropriation
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Introduced - Dead) 2011-04-14 - Referred to Capital Investment [SF1172 Detail]
Download: Minnesota-2011-SF1172-Introduced.html
1.2relating to capital investment; appropriating money for the Lake Street Transit
1.3Station; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. LAKE STREET TRANSIT STATION.
1.6 Subdivision 1. Appropriation. $6,750,000 is appropriated from the bond proceeds
1.7fund to the Metropolitan Council for a grant to Hennepin County for design of a
1.8transit station in the Lake Street area at marked Interstate Highway 35W in the city of
1.9Minneapolis.
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 $6,750,000 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.
1.3Station; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. LAKE STREET TRANSIT STATION.
1.6 Subdivision 1. Appropriation. $6,750,000 is appropriated from the bond proceeds
1.7fund to the Metropolitan Council for a grant to Hennepin County for design of a
1.8transit station in the Lake Street area at marked Interstate Highway 35W in the city of
1.9Minneapolis.
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 $6,750,000 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.
