1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for improvements at the 
1.3 	Redwood Falls Municipal 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. REDWOOD FALLS; MUNICIPAL AIRPORT.
 1.6 		Subdivision 1.Appropriation. $3,386,000 is appropriated from the bond proceeds fund 
1.7 	to the commissioner of transportation for a grant to the city of Redwood Falls to design, 
1.8 	construct, and equip improvements to the municipal airport. This appropriation includes 
1.9 	money for reconstruction of the Airport's Aircraft Parking Ramp and Parallel Taxiway to 
1.10 	Runways 12 and 30, Runways 12 and 30 mill and overlay, and installation of a stormwater 
1.11 	management system for future projects outlined in the Airport Layout Plan.
1.12 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.13 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.14 	the state in an amount up to $3,386,000 in the manner, upon the terms, and with the effect 
1.15 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.16 	Constitution, article XI, sections 4 to 7.

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