SF299

Purpose

• This bill provides funding for capital investment to renovate an airplane hangar at the Little Falls-Morrison County Airport (also known as Lindbergh Field). It creates an appropriation and allows the state to borrow money to pay for the project.

Main Provisions

• Appropriation: $500,000 is appropriated from the bond proceeds fund to the commissioner of transportation.
• Use of funds: The money can be given as 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 renovated airplane hangar at the Little Falls-Morrison County Airport (Lindbergh Field).
• Financing: To provide the money, the commissioner of management and budget must sell and issue state bonds up to $500,000, in the manner and with the terms described by Minnesota law and the state constitution (Minnesota Statutes sections 16A.631 to 16A.675 and Article XI, sections 4 to 7).

Significant Changes to Existing Law

• Creates a new appropriation specifically for a hangar renovation project at a regional airport.
• Authorizes a bond sale to finance that appropriation, tying the funding to existing state bonding procedures and constitutional requirements.

Affected Parties and Project Scope

• Affects the city of Little Falls and Morrison County (or both).
• Projects covered: predesign, design, construction, renovation, furnishing, and equipping of a renovated airplane hangar at the Little Falls-Morrison County Airport (Lindbergh Field).

Practical Impact

• Provides state funding and debt authority to upgrade airport facilities, potentially improving airport operations, storage for aircraft, and regional infrastructure.

Relevant Terms - capital investment - appropriation - bond proceeds fund - grants - city of Little Falls - Morrison County - predesign - design - construction - renovate - furnish - equip - airplane hangar - Little Falls-Morrison County Airport - Lindbergh Field - bond sale / sell and issue bonds - commissioner of management and budget - Minnesota Statutes 16A631 to 16A675 - Minnesota Constitution Article XI, sections 4 to 7 - state bonds