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A bill for an act
relating to capital investment; appropriating money for a runway extension and
other capital improvements at the Thief River Falls Airport; authorizing the sale
and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
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THIEF RIVER FALLS AIRPORT.
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Subdivision 1.
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Appropriation.
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$10,300,000 is appropriated from the bond proceeds
fund to the commissioner of transportation for a grant to the Thief River Falls Regional
Airport Authority to acquire property to extend and move a runway and for construction of
an associated extension of a taxiway, relocation of the NAVAID system, and associated
reconstruction of a portion of County State-Aid Highway 17 with supporting elements.
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Subd. 2.
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Bond sale.
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To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $10,300,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7.
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EFFECTIVE DATE.
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This section is effective the day following final enactment.
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