Minnesota SF 3777: Hangar construction revolving account deposit bond issuance and appropriation

Status: Referred to Transportation (as of 2024-02-15)

State: Minnesota · Session: 2023-2024 · Bill: SF 3777

Subjects: Airports and Aircraft, Bonds, Transportation and Transportation Department

Sponsors: Jasinski, Dibble, Duckworth, Lang

Bill Text

1.1 A bill for an act​
1.2 relating to capital investment; appropriating money for deposit in the hangar​
1.3 construction revolving account; 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. HANGAR CONSTRUCTION REVOLVING ACCOUNT.​
1.6 Subdivision 1.Appropriation.$9,000,000 is appropriated from the bond proceeds fund​
1.7 to the commissioner of transportation for deposit in the hangar construction revolving​
1.8 account under Minnesota Statutes, section 360.305, subdivision 4.​
1.9 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond​
1.10 proceeds fund, the commissioner of management and budget shall sell and issue bonds of​
1.11 the state in an amount up to $9,000,000 in the manner, upon the terms, and with the effect​
1.12 prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota​
1.13 Constitution, article XI, sections 4 to 7.​
1.14 EFFECTIVE DATE.This section is effective the day following final enactment.​
1​Section 1.​
24-06312 as introduced​01/30/24 REVISOR JSK/VJ​
SENATE​
STATE OF MINNESOTA​
S.F. No. 3777​NINETY-THIRD SESSION​
(SENATE AUTHORS: JASINSKI, Lang, Dibble and Duckworth)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​11613​02/15/2024​
Referred to Transportation​

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