1.1 	A bill for an act
1.2 	relating to metropolitan government; providing for the additional financing of 
1.3 	metropolitan area transit and paratransit capital expenditures; authorizing the 
1.4 	issuance of certain obligations; amending Minnesota Statutes 2006, section 
1.5 	473.39, by adding a subdivision.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. Minnesota Statutes 2006, section 473.39, is amended by adding a 
1.8 	subdivision to read:
1.9 		Subd. 1m.OBLIGATIONS. After July 1, 2007, in addition to other authority in 
1.10 	this section, the council may issue certificates of indebtedness, bonds, or other obligations 
1.11 	under this section in an amount not exceeding $33,600,000 for capital expenditures as 
1.12 	prescribed in the council's regional transit master plan and transit capital improvement 
1.13 	program and for related costs, including the costs of issuance and sale of the obligations.

1.14 	Sec. 2. APPLICATION.
 1.15 	Section 1 applies in the counties of Anoka, Carver, Dakota, Hennepin, Ramsey, 
1.16 	Scott, and Washington.

1.17 	Sec. 3. EFFECTIVE DATE.
 1.18 	Sections 1 and 2 are effective the day following final enactment.