Minnesota Valley Regional Rail Authority bond issue and appropriation

SF 887 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, environmental work, bridge replacements, and federal matching requirements. The state would sell up to $15 million in bonds to finance this project, which is in addition to prior state appropriations for the same rail corridor. This bill directly affects the Rail Authority's ability to upgrade infrastructure on this specific segment of rail line.