as introduced - 89th Legislature (2015 - 2016) Posted on 03/17/2016 02:38pm
Engrossments | ||
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Introduction | Posted on 03/17/2016 |
A bill for an act
relating to capital investment; appropriating money for capital improvements
for the South St. Paul Municipal Airport; authorizing the sale and issuance of
state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$3,000,000 is appropriated from the airport fund to
the commissioner of transportation for a grant to the city of South St. Paul to predesign,
construct, furnish, and equip a training facility at the South St. Paul Municipal Airport
in South St. Paul. This appropriation is not available until at least an equal amount is
committed from nonstate sources.
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To provide the money appropriated in this act from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $3,000,000 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.
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This section is effective the day following final enactment.
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