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 enables the commission to issue more bonds to finance the construction and equipping of new armories, thereby enhancing its capacity to support military infrastructure in the state. The bill outlines the powers of the commission, including acquiring property, exercising eminent domain, and managing funds for armory-related activities.

In addition to the increase in bonded indebtedness, the bill maintains the commission's existing powers, such as the ability to enter into contracts, employ necessary personnel, and manage funds for operational expenses. The commission is also authorized to accept federal grants for armory purposes, ensuring that it can leverage additional resources for military facilities. Overall, the bill aims to strengthen the financial framework of the State Armory Building Commission to better serve the military needs of Minnesota.

Statutes affected:
Introduction: 193.143