Loading chat...
MN SF2251
Bill
Status
3/3/2014
Primary Sponsor
Susan Kent
Click for details
AI Summary
-
Authorizes the Metropolitan Council to issue certificates of indebtedness, bonds, or other obligations totaling up to $75,300,000 for transit and paratransit capital expenditures and related issuance costs.
-
Limits obligation issuance to $37,000,000 after July 1, 2014, and an additional $38,300,000 after July 1, 2015.
-
Requires obligations be used for capital expenditures specified in the council's transit capital improvement program.
-
Applies to Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington counties.
-
Takes effect the day following final enactment.
Legislative Description
Metropolitan area transit and paratransit capital expenditures additional financing and obligation issuance
Last Action
Comm report: To pass and re-referred to Taxes
3/13/2014