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Bill > HF905


MN HF905

MN HF905
Rural airport program funding provided, bonds issued, and money appropriated.


summary

Introduced
02/17/2025
In Committee
02/17/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for the rural airport program; authorizing the sale and issuance of state bonds.

AI Summary

This bill establishes a Rural Airport Program that provides $10,000,000 in state bond funding specifically for local governments that own airports not qualifying for federal funding and not included in the Federal Aviation Administration's National Plan of Integrated Airport Systems. The commissioner of transportation will distribute grants to these airports, and the commissioner of management and budget will sell and issue state bonds to fund the program. The bonds will be issued according to existing Minnesota state statutes governing bond issuance (sections 16A.631 to 16A.675) and in accordance with the Minnesota Constitution. The bill's provisions will take effect immediately after final enactment, providing financial support to help maintain and improve rural airports that typically lack access to federal aviation infrastructure funding.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Introduction and first reading, referred to Capital Investment (on 02/17/2025)

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