| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to transportation; capital investment; appropriating money for the |
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| 3 | 3 | | 1.3 Minnesota rail service improvement program; authorizing the sale and issuance |
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| 4 | 4 | | 1.4 of state bonds. |
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| 5 | 5 | | 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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| 6 | 6 | | 1.6 Section 1. MINNESOTA RAIL SERVICE IMPROVEMENT PROGRAM; |
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| 7 | 7 | | 1.7APPROPRIATION AND BOND SALE AUTHORIZATION. |
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| 8 | 8 | | 1.8 Subdivision 1.Appropriation.$20,000,000 is appropriated from the bond proceeds |
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| 9 | 9 | | 1.9fund to the commissioner of transportation for Minnesota rail service improvement program |
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| 10 | 10 | | 1.10grants under Minnesota Statutes, section 222.50. |
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| 11 | 11 | | 1.11 Subd. 2.Bond sale.To provide the money appropriated in subdivision 1 from the bond |
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| 12 | 12 | | 1.12proceeds fund, the commissioner of management and budget shall sell and issue bonds of |
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| 13 | 13 | | 1.13the state in an amount up to $20,000,000 in the manner, upon the terms, and with the effect |
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| 14 | 14 | | 1.14prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota |
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| 15 | 15 | | 1.15Constitution, article XI, sections 4 to 7. |
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| 16 | 16 | | 1.16 EFFECTIVE DATE.This section is effective the day following final enactment. |
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| 17 | 17 | | 1Section 1. |
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| 18 | 18 | | REVISOR JSK/BM 23-0190501/09/23 |
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| 19 | 19 | | State of Minnesota |
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| 20 | 20 | | This Document can be made available |
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| 21 | 21 | | in alternative formats upon request |
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| 22 | 22 | | HOUSE OF REPRESENTATIVES |
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| 23 | 23 | | H. F. No. 989 |
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| 24 | 24 | | NINETY-THIRD SESSION |
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| 25 | 25 | | Authored by Petersburg and Hornstein01/30/2023 |
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| 26 | 26 | | The bill was read for the first time and referred to the Committee on Capital Investment |
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