1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for a hangar renovation at the 
1.3 	Little Falls/Morrison County Airport; authorizing the sale and issuance of state 
1.4 	bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. LITTLE FALLS/MORRISON COUNTY AIRPORT.
 1.7 		Subdivision 1.Appropriation. $500,000 is appropriated from the bond proceeds fund 
1.8 	to the commissioner of transportation for one or more grants to the city of Little Falls, 
1.9 	Morrison County, or both to predesign, design, construct, renovate, furnish, and equip a 
1.10 	renovation of an airplane hangar at the Little Falls/Morrison County Airport, also known 
1.11 	as Lindbergh Field.
1.12 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.13 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.14 	the state in an amount up to $500,000 in the manner, upon the terms, and with the effect 
1.15 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.16 	Constitution, article XI, sections 4 to 7.

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