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MN SF3357

Bill

Official Source

Status

Introduced

3/30/2016

Primary Sponsor

Roger Chamberlain

Click for details

Origin

Senate

89th Legislature 2015-2016

AI Summary

  • Authorizes the commissioner of transportation to award grants for freight railroad preservation and improvement to Class II and Class III railroads, rail users, and local units of government.
  • Eligible grant recipients may receive funds regardless of ownership of rail facilities, with grants capped at 80 percent of total project cost.
  • Prioritizes projects on low-use rail segments and those where applicants commit more than 20 percent of project costs from nonstate and nonfederal sources.
  • Appropriates $4,500,000 from the bond proceeds fund to the commissioner of transportation for these grants.
  • Authorizes the commissioner of management and budget to sell and issue state bonds up to $4,500,000 to fund the appropriation.

Legislative Description

Freight railroad preservation and improvement grants bond issue and appropriation

Last Action

Referred to Transportation and Public Safety

3/30/2016

Committee Referrals

Transportation and Public Safety3/30/2016

Full Bill Text

No bill text available