1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for capital improvements to 
1.3 	Rochester International Airport; authorizing the sale and issuance of state bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. ROCHESTER INTERNATIONAL AIRPORT; APPROPRIATION AND 
1.6 	BOND SALE AUTHORIZATION.
 1.7 		Subdivision 1.Appropriation. $7,000,000 is appropriated from the bond proceeds fund 
1.8 	to the commissioner of transportation for a grant to the city of Rochester for the state 
1.9 	contribution to the planning; environmental planning, permitting, and mitigation; land 
1.10 	acquisition; design; construction; and administration for the reconstruction, extension, and 
1.11 	instrument approach improvements of Runway 2/20 at the Rochester International Airport.
1.12 		Subd. 2.Bond sale. To provide the money appropriated in subdivision 1 from the bond 
1.13 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.14 	the state in an amount up to $7,000,000 in the manner, upon the terms, and with the effect 
1.15 	prescribed by Minnesota Statutes, section 16A.631 to 16A.675, and by the Minnesota 
1.16 	Constitution, article XI, sections 4 to 7.

1.17 	EFFECTIVE DATE. This section is effective the day following final enactment.