SF3795

Purpose

Provide funding to improve rail crossings in Shakopee to establish a quiet zone and enhance safety along the Union Pacific Railway corridor. The bill also authorizes the sale of state bonds to pay for this project.

Main Provisions

• Appropriation: Allocates 3,000,000 dollars from the bond proceeds fund to the commissioner of transportation. The money is to be granted to the city of Shakopee to design, construct, and equip rail crossing improvements along the Union Pacific Railway corridor to establish a quiet zone and improve safety.
• Bond financing: Requires the commissioner of management and budget to sell and issue state bonds up to 3,000,000 dollars to fund the appropriation, under the state’s bonding laws and constitution.

Funding Sources and Mechanisms

• Source: bond proceeds fund.
• Mechanism: debt issuance (bonds) up to 3,000,000 dollars.

Effects and Goals

• Creates or advances a quiet zone at rail crossings in Shakopee.
• Aims to improve safety at rail crossings along the Union Pacific Railway corridor.

Significant Changes to Existing Law

• Adds a new capital investment appropriation and bonding authority for rail crossing improvements in Shakopee.
• No other statutory changes described in this section beyond the appropriation and bond authorization.

Note on Terms Used

• Quiet zone
• Rail crossing improvements
• Union Pacific Railway corridor
• City of Shakopee
• Bond proceeds fund
• Bonds / bond sale
• Commissioner of Transportation
• Commissioner of Management and Budget
• Minnesota Statutes sections 16A.631 to 16A.675
• Minnesota Constitution Article XI sections 4 to 7

Relevant Terms - quiet zone - rail crossing improvements - Union Pacific Railway corridor - Shakopee - appropriation - grant - design - construct - equip - safety - bond proceeds fund - bonds - bond sale - management and budget - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI (sections 4-7)