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Senate File 1704 would raise armory commission bonding cap to cover rising construction costs
Summary
Senate File 1704 would raise the Minnesota State Armory Building Commission's bonding cap from $15 million to $45 million to address rising construction costs and preserve eligibility for federal funds on new readiness centers.
Senator Putnam introduced Senate File 1704 on Feb. 24, asking the subcommittee to increase the Minnesota State Armory Building Commission's maximum bonded indebtedness from $15 million to $45 million to reflect higher construction costs.
Major General Sean Manky, Adjutant General of the Minnesota National Guard, testified that the department currently has debt on the Armory Bonding Commission Fund of about…
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