HF904

Purpose

This bill provides funding and bonding authority to support upgrades to a hangar at the Little Falls-Morrison County Airport (also known as Lindbergh Field). It aims to help with planning and building improvements so the hangar can be used more effectively.

Key Provisions

• Subdivision 1 – Appropriation

  • $500,000 is appropriated from the bond proceeds fund.
  • The money goes to the commissioner of transportation to provide one or more grants to the city of Little Falls, Morrison County, or both.
  • The grants are for predesign, design, construction, renovation, furnishing, and equipping of a renovation project for an airplane hangar at the Little Falls-Morrison County Airport (Lindbergh Field).

• Subdivision 2 – Bond Sale

  • To fund the appropriation, the commissioner of management and budget must sell and issue state bonds up to $500,000.
  • Bond issuance must follow Minnesota law (Minnesota Statutes sections 16A.631 to 16A.675) and the Minnesota Constitution (Article XI, sections 4 to 7).

Effect on Existing Law

• Establishes a new appropriation and a new authorization to issue up to $500,000 in state bonds for the airport hangar project. It does not otherwise change current law beyond enabling this funding and bonding for the project.

Significance

• Enables capital investment in airport infrastructure by funding planning and construction activities for a hangar upgrade.
• Uses a bond financing mechanism (bond proceeds fund) to pay for the project.

Implementation Notes (informal)

• The project involves multiple phases (predesign through furnishing) and targets the Little Falls-Morrison County Airport, also known as Lindbergh Field.
• Bond issuance will be conducted under established state procedures.

Relevant Terms - bond proceeds fund - appropriation - grants - city of Little Falls - Morrison County - Little Falls-Morrison County Airport - Lindbergh Field - predesign - design - construct - renovate - furnish - equip - airplane hangar - bonds / state bonds - Commissioner of Transportation - Commissioner of Management and Budget - Minnesota Statutes 16A.631 to 16A.675 - Minnesota Constitution Article XI, sections 4 to 7