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MN HF3346
Bill
Status
3/5/2018
Primary Sponsor
Linda Runbeck
Click for details
AI Summary
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Convert the remaining balance on Minnesota Department of Transportation Contract No. 1000714 (executed June 1, 2015, with Minnesota Commercial Railway Company) from a loan to a grant.
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Cancel all future payments under Contract No. 1000714 and prohibit the commissioner of transportation from requiring or accepting additional payments as of the effective date.
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Release liens on locomotives designated as MNNR 49 and MNNR 84 and perform appropriate filing to document the lien release.
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Maintain all other terms and conditions of Contract No. 1000714 as effective for the duration specified in the original contract.
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Effective the day following final enactment.
Legislative Description
Loan conversion and lien release requirements established for a transportation department contract.
Last Action
Committee report, to adopt and re-refer to Transportation Finance
3/15/2018