HF 2370

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/02/2023 02:12pm

A bill for an act
relating to capital investment; appropriating money for approach systems at the
St. Cloud Regional Airport; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin AIRPORT INSTRUMENT LANDING AND APPROACH LIGHTING
SYSTEMS; ST. CLOUD REGIONAL AIRPORT AUTHORITY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,900,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to the St. Cloud Regional Airport Authority
to acquire and install an approach lighting system and to relocate and acquire upgrades to
an instrument landing system serving Runway 31 at the St. Cloud Regional Airport.
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 $3,900,000 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