HF 1999

as introduced - 87th Legislature (2011 - 2012) Posted on 01/30/2012 02:01pm

A bill for an act
relating to capital investment; appropriating money for capital improvements
at the Range Regional Airport terminal; authorizing the sale and issuance of
state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin RANGE REGIONAL AIRPORT
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the Chisholm-Hibbing Airport
Authority to construct, furnish, and equip improvements and betterments of a capital
nature at the Range Regional Airport terminal, as that project is described for purposes of
grant funding received from the Federal Aviation Administration.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $5,000,000 in the manner, upon the terms, and with
the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
Minnesota Constitution, article XI, sections 4 to 7.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end