Minnesota Legislature
SF 2747
as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
Current Version - as introduced
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A bill for an act
relating to appropriations; offsetting a transfer of money from the airports fund
and making a transfer from the tax relief account to the general fund; amending
Laws 2003, First Special Session chapter 18, article 1, section 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. new text begin AIRPORTS FUND TRANSFER.
new text end
new text begin Subdivision 1. new text end
new text begin Transfer offset. new text end
new text begin
$7,500,000 is transferred each year from the general
fund to the airports fund in fiscal years 2006 and 2007. These transfers are intended to
offset a transfer of the same amount from the airports fund to the general fund in fiscal
year 2003 required under Laws 2003, First Special Session chapter 18, article 1, section 2,
and Laws 2003, First Special Session chapter 19, article 4, section 2.
new text end
new text begin Subd. 2. new text end
new text begin Transfer. new text end
new text begin
Of the balance in the tax relief account in the general fund,
$15,000,000 is transferred to the unrestricted general fund.
new text end
Sec. 2.
Laws 2003, First Special Session chapter 18, article 1, section 2, is amended to
read:
Sec. 2.TRANSPORTATION | 110,000,000 | |||||
This appropriation is from the trunk highway
bond proceeds account in the trunk highway
fund and is available for expenditure
beginning the day following final enactment.
It is for the same purposes as specified in
Laws 2000, chapter 479, article 1, section 2,
subdivision 3.
Of the general fund appropriation in Laws
2000, chapter 479, article 1, section 2,
subdivision 3, $110,000,000 cancels to the
general fund. This cancellation is effective
the day following final enactment.
By June 30, 2003, the commissioner of
finance shall transfer $15,000,000 of the cash
balance in the state airports fund established
in Minnesota Statutes, section 360.017, to
the general fund.
deleted text begin On July 1, 2007, the commissioner must
transfer $15,000,000 from the general fund
to the state airports fund.deleted text end
Sec. 3. new text begin EFFECTIVE DATE.
new text end
new text begin
This act is effective the day following final enactment.
new text end