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MN HF1430

Bill

Official Source

Status

Introduced

3/11/2013

Primary Sponsor

Connie Bernardy

Click for details

Origin

House of Representatives

88th Legislature 2013-2014

AI Summary

  • Appropriates $35,800,000 from bond proceeds to the Metropolitan Council for transit capital improvement program expenditures under Minnesota Statutes section 473.39, subdivision 4
  • Authorizes the commissioner of management and budget to sell and issue state bonds up to $35,800,000 to fund the appropriation
  • Bond issuance and sale governed by Minnesota Statutes sections 16A.631 to 16A.675 and Minnesota Constitution article XI, sections 4 to 7
  • Allows the Metropolitan Council to distribute appropriated funds as grants to local governmental units for capital expenditures
  • Becomes effective the day following final enactment

Legislative Description

Transit capital improvement program funding provided, bonds issued, and money appropriated.

Last Action

Introduction and first reading, referred to Transportation Finance

3/11/2013

Committee Referrals

Transportation Finance3/11/2013

Full Bill Text

No bill text available