HF5033

Purpose

To provide funding for improvements at the Redwood Falls Municipal Airport by making a state grant to the city, financed with state bond money. The goal is to support design, construction, and equipment for airport improvements.

Main Provisions

• Appropriation: 3,386,000 from the bond proceeds fund is allocated to the commissioner of transportation to grant to the city of Redwood Falls for airport improvements.
• Project scope: The grant covers design, construction, and equipment for:
  • Reconstructing the airport’s aircraft parking ramp.
  • Reconstructing and providing a parallel taxiway to Runways 12 and 30 (to support Runways 12 and 30).
  • Milling and overlay of Runways 12 and 30.
  • Installing a stormwater management system to support future projects outlined in the Airport Layout Plan.
• Exemption: The grant is exempt from certain requirements in Minnesota law (specifically sections 16B.32, 16B.325, 216C.19, and 216C.20).
• Bond financing: The commissioner of management and budget must sell and issue bonds up to 3,386,000 to fund this appropriation, under existing state law (Minnesota Statutes sections 16A.631 to 16A.675 and the Minnesota Constitution, article XI, sections 4 to 7).

Funding and Financial Mechanisms

• Source of funds: Bond proceeds fund.
• Nature of funding: A state grant to a city for airport improvements, financed by state bonds.
• Legal framework: Bond sale and guarantees follow current Minnesota bonding rules and the state constitution.

Significance and Changes to Existing Law

• This bill creates a targeted funding and financing package for a specific airport project.
• It does not broadly modify existing law; it authorizes a new appropriation and the issuance of bonds for this project, and it provides a temporary exemption from certain statutory requirements for the grant.

What This Means for Redwood Falls

• The airport is expected to gain upgrades to parking, taxiway access, runway maintenance (mill and overlay), and stormwater infrastructure, potentially improving safety, capacity, and long-term planning for the airport.

Relevant Terms - Redwood Falls Municipal Airport - capital investment - appropriation - bond proceeds fund - grant - design - construct - equip - aircraft parking ramp - parallel taxiway - Runways 12 and 30 - mill and overlay - stormwater management system - Airport Layout Plan - exemption (Minnesota Statutes 16B.32, 16B.325, 216C.19, 216C.20) - bond sale - Minnesota Statutes 16A.631–16A.675 - Minnesota Constitution Article XI