Chapter 116R — Bond Issue; Sale Authorization

116R.01 Definitions This section defines key terms used in Minnesota's aircraft maintenance facility bond program. 'Bonds' means the revenue … 116R.02 Bond Issue; Sale Authorization This section authorizes the commissioner of management and budget to issue up to $350 million in revenue bonds, at the … 116R.03 General Powers This section gives the commissioner broad general powers to carry out the aircraft facility bond program. These include … 116R.04 Revenue Bonds; Purposes, Terms, Approval This section authorizes the commissioner to issue negotiable revenue bonds in series as needed to fund the Duluth … 116R.05 Bonds; Orders Authorizing, Additional Terms, Sale This section governs the terms and sale of bonds issued under this chapter. Terms including interest rates, … 116R.06 Bonds; Optional Order and Contract Provisions This section allows bond orders and indentures to include a wide range of protective provisions for bondholders. These … 116R.07 Pledges This section provides that any pledge made by the commissioner is immediately valid and binding from the moment it is … 116R.08 Bonds; Nonliability of Individuals This section protects the commissioner, the commissioner's staff, and anyone who executes the bonds from personal … 116R.09 Bonds; Purchase and Cancellation This section allows the commissioner to use available funds to buy back outstanding bonds at a price that does not … 116R.10 State Pledge Against Impairment of Contracts This section contains a pledge by the state of Minnesota to bondholders that the state will not interfere with or impair … 116R.11 Aircraft Facilities Funds and Debt Service Accounts This section requires the commissioner or bond trustee to establish an aircraft facilities fund and debt service … 116R.12 Powers and Duties of Trustee This section defines the powers and duties of any bond trustee appointed under this chapter. The trustee can enforce … 116R.13 Debt Service Reserve Account This section authorizes the commissioner to establish debt service reserve accounts to provide additional security for … 116R.14 Construction This section directs that the aircraft facility bond statutes be liberally construed to achieve their purpose of … 116R.15 Severability; Actions This section provides that each provision of the aircraft facility bond law is severable from the others. If any … 116R.16 This section has been repealed and is no longer in effect.