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