HF 5303

as introduced - 93rd Legislature (2023 - 2024) Posted on 04/04/2024 02:51pm

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

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

Section 1. new text begin KARLSTAD; AIRPORT RUNWAY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $7,700,000 is appropriated from the bond proceeds fund
to the commissioner of transportation for a grant to the city of Karlstad for engineering and
construction of a primary airport runway and supporting facilities. This appropriation is for
Phase 3 of the project and includes money for runway paving and runway lighting, taxiway
paving and taxiway lighting, a paved parking apron, necessary utilities, an aviation fueling
system, navigational aids, access drive and parking, and any other facilities as required for
Department of Transportation Aeronautics airport licensure. This appropriation is in addition
to the Phase 1 appropriation in Laws 2021, First Special Session chapter 5, article 1, section
2, subdivision 2, and the Phase 2 appropriation in Laws 2023, chapter 71, article 1, section
10, subdivision 11.
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 $7,700,000 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