1.1 A bill for an act
1.2 relating to transportation; capital investment; appropriating money for the
1.3 Minnesota rail service improvement program; authorizing the sale and issuance
1.4 of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. MINNESOTA RAIL SERVICE IMPROVEMENT PROGRAM;
1.7APPROPRIATION AND BOND SALE AUTHORIZATION.
1.8 Subdivision 1.Appropriation.$20,000,000 is appropriated from the bond proceeds
1.9fund to the commissioner of transportation for Minnesota rail service improvement program
1.10grants under Minnesota Statutes, section 222.50.
1.11 Subd. 2.Bond sale.To provide the money appropriated in subdivision 1 from the bond
1.12proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.13the state in an amount up to $20,000,000 in the manner, upon the terms, and with the effect
1.14prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.15Constitution, article XI, sections 4 to 7.
1.16 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
23-01905 as introduced01/09/23 REVISOR JSK/BM
SENATE
STATE OF MINNESOTA
S.F. No. 458NINETY-THIRD SESSION
(SENATE AUTHORS: JASINSKI)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/19/2023
Referred to Transportation