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MN SF2371
Bill
Status
3/8/2016
Primary Sponsor
James Carlson
Click for details
AI Summary
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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.
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Allows $40,100,000 in obligations to be issued after July 1, 2016, and an additional $42,000,000 after July 1, 2017.
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Permits the use of proceeds for capital expenditures in the council's transit capital improvement program and related issuance and sale costs.
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Applies to Anoka, Carver, Dakota, Hennepal, Ramsey, Scott, and Washington counties.
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Becomes effective the day following final enactment.
Legislative Description
Metropolitan area transit and paratransit capital expenditures additional financing authorization and issuance of certain obligations
Last Action
Comm report: To pass and re-referred to Taxes
4/18/2016