47.06A.060 - Grants and loans.

Grants and loans.

In order to aid the financing of eligible freight mobility projects, the board may:

     (1) Make grants or loans from funds appropriated for the freight mobility strategic investment program for the purpose of financing freight mobility projects. The board may require terms and conditions as it deems necessary or convenient to carry out the purposes of this chapter.

     (2) The state shall not bear the financial burden for project costs unrelated to the movement of freight. Project amenities unrelated to the movement of freight may not be submitted to the board as part of a project proposal under the freight mobility strategic investment program.

     (3) All freight mobility projects aided in whole or in part under this chapter must have a public entity designated as the lead project proponent.

[1998 c 175 § 7.]