Minnesota Valley Regional Rail Authority funding provided, bonds issued, and money appropriated.

This bill appropriates $15 million from state bond proceeds to fund rehabilitation of railroad tracks between Winthrop and Hanley Falls for the Minnesota Valley Regional Rail Authority. The funds cover track repairs, bridge replacements or upgrades, environmental documentation, and design work, and can also serve as matching funds for federal grants. It authorizes the state to issue up to $15 million in bonds to finance this project. The appropriation is in addition to all prior funding for this specific rail project.