Bill Text: MN SF257 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Southwest corridor light rail transit (LRT) line bond issue and appropriation
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Introduced - Dead) 2013-02-04 - Referred to Finance [SF257 Detail]
Download: Minnesota-2013-SF257-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. $118,000,000 is appropriated from the bond
1.7proceeds fund to the Metropolitan Council for environmental studies and preliminary
1.8engineering, to acquire real property, or interests in real property, and to design and
1.9construct the Southwest Corridor light rail transit line from the Hiawatha light rail transit
1.10line in downtown Minneapolis to Eden 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 $118,000,000 in the manner, upon the terms, and
1.14with the 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. $118,000,000 is appropriated from the bond
1.7proceeds fund to the Metropolitan Council for environmental studies and preliminary
1.8engineering, to acquire real property, or interests in real property, and to design and
1.9construct the Southwest Corridor light rail transit line from the Hiawatha light rail transit
1.10line in downtown Minneapolis to Eden 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 $118,000,000 in the manner, upon the terms, and
1.14with the 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.
