Bill > SF293

This bill appropriates $9,000,000 from the state bond proceeds fund to the Minnesota Department of Transportation for deposit into the hangar construction revolving account, which is a specific fund used for aviation infrastructure development. The bill authorizes the commissioner of management and budget to sell and issue state bonds up to $9,000,000 to finance this appropriation, following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bonds will provide funding for hangar construction, which typically involves building or improving storage and maintenance facilities for aircraft at airports. The bill specifies that it will become effective immediately after being enacted, allowing for prompt implementation of the bond issuance and fund deposit. This legislation is part of the state's capital investment strategy, aimed at supporting aviation infrastructure development by providing dedicated financial resources for hangar construction projects.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0293&ssn=0&y=2025