HF 3193

as introduced - 91st Legislature (2019 - 2020) Posted on 02/11/2020 03:34pm

A bill for an act
relating to capital investment; appropriating money for the construction of an
airport runway in Karlstad; authorizing the sale and issuance of state bonds.

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

Section 1. KARLSTAD AIRPORT RUNWAY; APPROPRIATION AND BOND
SALE AUTHORIZATION.

Subdivision 1.

Appropriation.

$12,000,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the city of Karlstad for the
acquisition of land, predesign, design, engineering, and construction of a primary airport
runway.

Subd. 2.

Bond sale.

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 $12,000,000 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.

EFFECTIVE DATE.

This section is effective the day following final enactment.