SF 2107

as introduced - 89th Legislature (2015 - 2016) Posted on 10/08/2015 02:54pm

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

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

Section 1. new text begin DULUTH AIRPORT AUTHORITY.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $11,500,000 is appropriated from the bond
proceeds fund to the commissioner of transportation for a grant to the Duluth Airport
Authority for the purposes of this section.
new text end

new text begin (b) $1,500,000 of this appropriation is for design, permitting, surveying, dredging,
environmental mitigation, and construction for realignment of Runway 32 at the Duluth
Sky Airport.
new text end

new text begin (c) $10,000,000 is for planning, environmental work, permitting, environmental
mitigation, land acquisition, construction, and equipping to extend and reconstruct
Runway 3/21 at the Duluth International Airport.
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 $11,500,000 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