1.1 	A bill for an act
1.2 	relating to aeronautics; accelerating reimbursement of state airports fund; 
1.3 	amending Laws 2003, First Special Session chapter 18, article 1, section 2.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Laws 2003, First Special Session chapter 18, article 1, section 2, is amended 
1.6 	to read:

1.7	Sec. 2.TRANSPORTATION
 				110,000,000
	
1.8 	This appropriation is from the trunk  highway 
1.9 	bond proceeds account in the  trunk highway 
1.10 	fund and is available for  expenditure 
1.11 	beginning the day following  final enactment.  
1.12 	It is for the same  purposes as specified in 
1.13 	Laws 2000,  chapter 479, article 1, section 2,  
1.14 	subdivision 3.  
1.15 	Of the general fund appropriation in  Laws 
1.16 	2000, chapter 479, article 1,  section 2, 
1.17 	subdivision 3, $110,000,000  cancels to the 
1.18 	general fund.  This  cancellation is effective 
1.19 	the day  following final enactment.  
1.20 	By June 30, 2003, the commissioner of  
1.21 	finance shall transfer $15,000,000 of  the cash 
1.22 	balance in the state airports  fund established 
2.1 	in Minnesota Statutes,  section 360.017, to 
2.2 	the general fund.  
2.3 	On July 1, 2007, The commissioner must  
2.4 	transfer $15,000,000 $5,000,000 on July 1, 
2.5 	2006, and $10,000,000 on July 1, 2007, from 
2.6 	the general  fund to the state airports fund.  
2.7 	

2.8 	Sec. 2. EFFECTIVE DATE.
 2.9 	Section 1 is effective June 30, 2006.