SF293 (Legislative Session 94 (2025-2026))
Hangar construction revolving account deposit bond issuance and appropriation
Related bill: HF906
AI Generated Summary
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.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 20, 2025 | Senate | Floor | Action | Introduction and first reading | |
| January 20, 2025 | Senate | Floor | Action | Referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [
"A new appropriation of $9,000,000 for hangar construction."
],
"removed": [],
"summary": "This bill appropriates money for deposit in the hangar construction revolving account as per section 360.305, subdivision 4.",
"modified": []
},
"citation": "360.305, subdivision 4"
},
{
"analysis": {
"added": [
"A new bond issuance to fund the appropriation."
],
"removed": [],
"summary": "This bill authorizes the sale and issuance of state bonds following the procedures outlined in sections 16A.631 to 16A.675.",
"modified": []
},
"citation": "16A.631 to 16A.675"
}
]