Bill > HF906

This bill provides $9,000,000 in funding for the state's hangar construction revolving account, which is a specialized fund used for airport infrastructure development. The money will be raised through the sale of state bonds, with the commissioner of management and budget authorized to issue up to $9,000,000 in bonds according to existing state bonding procedures outlined in Minnesota Statutes. The appropriation will be deposited directly into the hangar construction revolving account, which is administered by the commissioner of transportation under section 360.305, subdivision 4 of Minnesota Statutes. The bill specifies that the bonds will be sold according to standard state bonding regulations, including those prescribed in Minnesota Statutes sections 16A.631 to 16A.675 and in compliance with the Minnesota Constitution's provisions regarding state debt. The bill becomes effective immediately after final enactment, enabling prompt implementation of the funding and bond issuance.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0906&ssn=0&y=2025