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Committee recommends raising armory bonding cap to $45 million to match rising construction costs
Summary
The division recommended re-referral of House File 14 43 to the general register to increase the Minnesota State Armory Building Commission bonding limit from $15 million to $45 million to help fund new and renovated armories amid rising construction costs.
The House Veterans and Military Affairs Division on March 5 recommended re-referral of House File 14 43 to the general register, a departmental bill that would raise the Minnesota State Armory Building Commission’s bonding limit from $15,000,000 to $45,000,000.
Vice Chair Erik Olsen moved the bill and said the change is intended to allow the Department of Military Affairs and the Minnesota State Armory Building Commission (MSABC) to fund construction and modernization of armories and…
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