1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for airport runway 
1.3 	preservation; authorizing the sale and issuance of state bonds.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. AIRPORT RUNWAY PRESERVATION.
 1.6 		Subdivision 1.Appropriation. (a) $6,000,000 is appropriated from the bond 
1.7 	proceeds fund to the commissioner of transportation for capital assistance grants under 
1.8 	Minnesota Statutes, section 360.305, to rehabilitate and modernize deteriorated runway 
1.9 	pavement at publicly owned airports.
1.10 	(b) For any airport project where only state and local money is to be used, money 
1.11 	from this appropriation may be used to pay the local contribution required by Minnesota 
1.12 	Statutes, section 360.305, subdivision 4, in addition to the other project costs. Priority 
1.13 	must be given to airports with a runway pavement condition index of 56 or less.
1.14 	(c) For any airport project where federal, state, and local money is to be used, money 
1.15 	from this appropriation shall be used only to pay the local contribution required by 
1.16 	Minnesota Statutes, section 360.305, subdivision 4.
1.17 		Subd. 2.Bond sale. To provide the money appropriated in this section from the 
1.18 	bond proceeds fund, the commissioner of management and budget shall sell and issue 
1.19 	bonds of the state in an amount up to $6,000,000 in the manner, upon the terms, and with 
1.20 	the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
1.21 	Minnesota Constitution, article XI, sections 4 to 7.

1.22 	EFFECTIVE DATE. This section is effective the day following final enactment.