MN SF1989

Appropriates $10,000,000 from the bond proceeds fund to the Commissioner of Transportation for greater Minnesota transit systems capital facilities.

Funds may cover up to 80 percent of the nonfederal share of transit capital facilities under Minnesota Statutes, section 174.24, subdivision 3c.

Authorizes the Commissioner of Management and Budget to sell and issue state bonds up to $10,000,000 to provide the appropriated funds.

Bond issuance follows procedures prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and Minnesota Constitution, article XI, sections 4 to 7.

Bond sale section becomes effective the day following final enactment.