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HF 4015

1st Engrossment - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.
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Engrossments
Introduction Posted on 03/12/2008
1st Engrossment Posted on 05/05/2008

Current Version - 1st Engrossment

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A bill for an act
 relating to metropolitan government; directing the Metropolitan Airports
Commission to enforce certain covenants.

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

Section 1. new text begin COVENANT ENFORCEMENT.
new text end

new text begin 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 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 Airport 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.
 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