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MN HF3176

Bill

Official Source

Status

Introduced

3/16/2016

Primary Sponsor

Tim Kelly

Click for details

Origin

House of Representatives

89th Legislature 2015-2016

AI Summary

  • Authorizes the metropolitan council to issue certificates of indebtedness, bonds, or other obligations totaling up to $82,100,000 for transit and paratransit capital expenditures and related issuance costs

  • Establishes a phased issuance schedule with up to $40,100,000 authorized after July 1, 2016, and an additional $42,000,000 authorized after July 1, 2017

  • Applies to the seven-county metropolitan area consisting of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington counties

  • Becomes effective the day following final enactment

Legislative Description

Metropolitan area transit and paratransit capital expenditure additional financing provided, and issuance of certain obligations authorized.

Last Action

Referred by Chair to Property Tax and Local Government Finance Division

4/1/2016

Committee Referrals

Property Tax and Local Government Finance4/1/2016
Taxes3/16/2016

Full Bill Text

No bill text available