1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for runway rehabilitation at 
1.3 	the Bemidji Regional Airport; authorizing the sale and issuance of state bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. BEMIDJI REGIONAL AIRPORT.
 1.6 		Subdivision 1.Appropriation. $5,520,000 is appropriated from the bond proceeds fund 
1.7 	to the commissioner of transportation for a grant to the Bemidji Regional Airport Authority 
1.8 	for predesign, design, and rehabilitation of Runway 7-25 and a portion of Taxiway B at the 
1.9 	Bemidji Regional Airport. Runway rehabilitation includes replacing the paved surfaces with 
1.10 	four inches of bituminous.
1.11 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.12 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.13 	the state in an amount up to $5,520,000 in the manner, upon the terms, and with the effect 
1.14 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.15 	Constitution, article XI, sections 4 to 7.

1.16 	EFFECTIVE DATE. This section is effective the day following final enactment.