The bill amends Minnesota Statutes 2024, section 193.143, to increase the maximum bonded indebtedness allowed for the State Armory Building Commission from $15,000,000 to $45,000,000. This change is intended to provide the commission with greater financial flexibility to construct and equip new armories, thereby enhancing the state's military infrastructure. The bill outlines the powers of the commission, including the ability to acquire property, exercise eminent domain, and manage funds for armory-related activities.

In addition to the increase in bonded indebtedness, the bill maintains the commission's authority to enter into partnerships with federal and state governments, match federal and local funds, and manage the financial operations of the armories. The commission is also empowered to apply for federal grants for armory construction and equipment, ensuring that the state can leverage available resources to support its military forces. Overall, the bill aims to strengthen the capabilities of the State Armory Building Commission in fulfilling its mission.

Statutes affected:
Introduction: 193.143