SF293

The legislative bill SF No 293 introduced by Senators Jasinski, Dibble, Lang, Housley, and Duckworth seeks to allocate $9,000,000 from the bond proceeds fund to the Minnesota Commissioner of Transportation. This money is designated for deposit into the hangar construction revolving account, as described in section 360.305 subdivision 4 of the Minnesota Statutes. To fund this appropriation, the bill authorizes the Commissioner of Management and Budget to issue and sell state bonds worth up to $9,000,000. The terms, manner, and effects of these bond sales are governed by specific sections of the Minnesota Statutes and the Minnesota Constitution.