| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to capital investment; appropriating money for the Minnesota Valley |
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| 3 | 3 | | 1.3 Regional Rail Authority; authorizing the sale and issuance of state bonds. |
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| 4 | 4 | | 1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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| 5 | 5 | | 1.5 Section 1. MINNESOTA VALLEY REGIONAL RAIL AUTHORITY. |
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| 6 | 6 | | 1.6 Subdivision 1.Appropriation.(a) $15,000,000 is appropriated from the bond proceeds |
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| 7 | 7 | | 1.7fund to the commissioner of transportation for a grant to the Minnesota Valley Regional |
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| 8 | 8 | | 1.8Rail Authority to rehabilitate a portion of the railroad track between Winthrop and Hanley |
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| 9 | 9 | | 1.9Falls. The grant under this paragraph may also be used for any required environmental |
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| 10 | 10 | | 1.10documentation and remediation, predesign, design, and rehabilitation or replacement of |
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| 11 | 11 | | 1.11bridges with new bridges or culverts between Winthrop and Hanley Falls. A portion of the |
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| 12 | 12 | | 1.12grant under this paragraph may also be used as matching funds to meet federal grant |
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| 13 | 13 | | 1.13requirements. A grant under this paragraph is in addition to any grant, loan, or loan guarantee |
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| 14 | 14 | | 1.14for this project made by the commissioner under Minnesota Statutes, sections 222.46 to |
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| 15 | 15 | | 1.15222.62. |
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| 16 | 16 | | 1.16 (b) This appropriation is in addition to the appropriations under Laws 2006, chapter 258, |
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| 17 | 17 | | 1.17section 16, subdivision 6; Laws 2008, chapter 179, section 16, subdivision 5, as amended |
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| 18 | 18 | | 1.18by Laws 2014, chapter 294, article 2, section 10, and Laws 2015, First Special Session |
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| 19 | 19 | | 1.19chapter 5, article 3, section 7; Laws 2009, chapter 93, article 1, section 11, subdivision 4, |
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| 20 | 20 | | 1.20as amended by Laws 2014, chapter 294, article 2, section 11, and Laws 2015, First Special |
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| 21 | 21 | | 1.21Session chapter 5, article 3, section 8; Laws 2010, chapter 189, section 15, subdivision 5, |
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| 22 | 22 | | 1.22as amended by Laws 2014, chapter 294, article 2, section 12, and Laws 2015, First Special |
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| 23 | 23 | | 1.23Session chapter 5, article 3, section 9; Laws 2015, First Special Session chapter 5, article |
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| 24 | 24 | | 1Section 1. |
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| 25 | 25 | | 25-00197 as introduced10/24/24 REVISOR JSK/DG |
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| 26 | 26 | | SENATE |
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| 27 | 27 | | STATE OF MINNESOTA |
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| 28 | 28 | | S.F. No. 887NINETY-FOURTH SESSION |
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| 29 | 29 | | (SENATE AUTHORS: DAHMS, Lang, Coleman and Frentz) |
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| 30 | 30 | | OFFICIAL STATUSD-PGDATE |
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| 31 | 31 | | Introduction and first reading02/03/2025 |
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| 32 | 32 | | Referred to Capital Investment 2.11, section 10, subdivision 4; Laws 2017, First Special Session chapter 8, article 1, section |
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| 33 | 33 | | 2.215, subdivision 7; and Laws 2018, chapter 214, article 1, section 16, subdivision 4. |
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| 34 | 34 | | 2.3 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond |
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| 35 | 35 | | 2.4proceeds fund, the commissioner of management and budget shall sell and issue bonds of |
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| 36 | 36 | | 2.5the state in an amount up to $15,000,000 in the manner, upon the terms, and with the effect |
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| 37 | 37 | | 2.6prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota |
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| 38 | 38 | | 2.7Constitution, article XI, sections 4 to 7. |
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| 39 | 39 | | 2.8 EFFECTIVE DATE.This section is effective the day following final enactment. |
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| 40 | 40 | | 2Section 1. |
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| 41 | 41 | | 25-00197 as introduced10/24/24 REVISOR JSK/DG |
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