1.1 	A bill for an act
1.2 	relating to appropriations; offsetting a transfer of money from the airports fund 
1.3 	and making a transfer from the tax relief account to the general fund;amending 
1.4 	Laws 2003, First Special Session chapter 18, article 1, section 2.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. AIRPORTS FUND TRANSFER.
 1.7 		Subdivision 1.Transfer offset. $7,500,000 is transferred each year from the general 
1.8 	fund to the airports fund in fiscal years 2006 and 2007. These transfers are intended to 
1.9 	offset a transfer of the same amount from the airports fund to the general fund in fiscal 
1.10 	year 2003 required under Laws 2003, First Special Session chapter 18, article 1, section 2, 
1.11 	and Laws 2003, First Special Session chapter 19, article 4, section 2.
1.12 		Subd. 2.Transfer. Of the balance in the tax relief account in the general fund, 
1.13 	$15,000,000 is transferred to the unrestricted general fund.

1.14 	Sec. 2. Laws 2003, First Special Session chapter 18, article 1, section 2, is amended to 
1.15 	read:

1.16	Sec. 2. TRANSPORTATION
				110,000,000
	
1.17 	
1.18 	This appropriation is from the trunk  highway 
1.19 	bond proceeds account in the  trunk highway 
1.20 	fund and is available for  expenditure 
1.21 	beginning the day following  final enactment.  
1.22 	It is for the same  purposes as specified in 
2.1 	Laws 2000,  chapter 479, article 1, section 2,  
2.2 	subdivision 3.  
2.3 	
2.4 	Of the general fund appropriation in  Laws 
2.5 	2000, chapter 479, article 1,  section 2, 
2.6 	subdivision 3, $110,000,000  cancels to the 
2.7 	general fund.  This  cancellation is effective 
2.8 	the day  following final enactment.  
2.9 	
2.10 	By June 30, 2003, the commissioner of  
2.11 	finance shall transfer $15,000,000 of  the cash 
2.12 	balance in the state airports  fund established 
2.13 	in Minnesota Statutes,  section 360.017, to 
2.14 	the general fund.  
2.15 	
2.16 	On July 1, 2007, the commissioner must 
2.17 	transfer $15,000,000 from the general  fund 
2.18 	to the state airports fund.

2.19 	Sec. 3. EFFECTIVE DATE.
 2.20 	This act is effective the day following final enactment.