as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:34am
Engrossments | ||
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Introduction | Posted on 01/21/2009 |
A bill for an act
relating to transportation; maintaining airline operations at Minneapolis-St. Paul
International Airport; enforcing certain contractual obligations and rights.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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The legislature finds that the provisions in
this bill are essential to meet the transportation needs of the residents of this state and to
further the statutory goals of providing a balanced transportation system and providing an
air transportation system sufficient to encourage economic growth of this state.
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If, through merger or otherwise, an airline or its
successor serving the Minneapolis-St. Paul International Airport fails to adhere to all
covenants regarding the maintenance of its hub, headquarters, and required employment
levels in the state of Minnesota, the Metropolitan Airports Commission shall use all
available means to enforce the covenants and, if necessary, require repayment of all
outstanding bond obligations and surrender of previously granted rent reductions pursuant
to the terms of the covenants. The Metropolitan Airports Commission shall not enter into
any agreement to modify, amend, or eliminate the covenants referenced in this section
without the agreement first being approved by law.
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This section is effective the day following final enactment.
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