Bill > HF1443

This bill increases the maximum bonded indebtedness allowed for the State Armory Building Commission from $15 million to $45 million. The change is specifically located in section 193.143 of Minnesota Statutes, which outlines the powers of the State Armory Building Commission. By raising the bonding limit, the bill will provide the commission with greater financial flexibility to construct, acquire, and equip new armories across the state. The commission is responsible for managing armory properties, can acquire land through purchase or condemnation, and works to develop facilities for military purposes. This increased bonding capacity could potentially allow for more extensive armory construction or renovation projects, potentially improving infrastructure for military reserve components in Minnesota. The bill does not change any other aspects of the commission's existing powers or responsibilities, focusing solely on expanding its financial capacity for armory-related investments.

Agriculture and Natural Resources, Military Affairs and Security

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1443&ssn=0&y=2025