HF 4543

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/04/2024 02:29pm

A bill for an act
relating to capital investment; appropriating money for improvements at the
Redwood Falls Municipal 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 REDWOOD FALLS; MUNICIPAL AIRPORT.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,386,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to the city of Redwood Falls to design,
construct, and equip improvements to the municipal airport. This appropriation includes
money for reconstruction of Runway 12/30, taxi lanes, and the apron; replacement of the
runway lighting system; and installation of a stormwater management system for future
projects outlined in the Airport Layout Plan.
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 $3,386,000 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