HF906

This legislative bill, authored by Representatives Kresha and Schomacker, focuses on financial aspects related to aviation infrastructure in Minnesota. Specifically, the bill proposes the following:

1. Appropriation of Funds: It allocates $9,000,000 from the bond proceeds fund to the Commissioner of Transportation. This money is intended for deposit into the "hangar construction revolving account," which is established under Minnesota Statutes section 360.305, subdivision 4. The purpose of this allocation is likely to fund the construction or improvement of hangars, which are structures used for storing aircraft.

2. Bond Sale Authorization: To finance the $9,000,000 appropriation, the bill authorizes the Commissioner of Management and Budget to sell and issue state bonds. The process and terms of the bond sale are to be consistent with existing statutes (Minnesota Statutes sections 16A.631 to 16A.675) and constitutional provisions (Minnesota Constitution, article XI, sections 4 to 7).

In summary, this bill is aimed at enhancing aviation infrastructure by funding hangar construction through the issuance of state bonds, thereby supporting the growth and maintenance of aviation facilities in Minnesota.