1.1 A bill for an act
1.2 relating to capital investment; appropriating money for a materials recovery facility
1.3 in Olmsted County; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. MATERIALS RECOVERY FACILITY; OLMSTED COUNTY.
1.6 Subdivision 1.Appropriation.$19,375,000 is appropriated from the bond proceeds
1.7fund to the Pollution Control Agency for a grant to Olmsted County to design, construct,
1.8furnish, and equip a materials recovery facility in Olmsted County. This appropriation is
1.9available when the commissioner of management and budget determines that sufficient
1.10resources have been committed to complete the project, as required by Minnesota Statutes,
1.11section 16A.502.
1.12 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.13proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.14the state in an amount up to $19,375,000 in the manner, upon the terms, and with the effect
1.15prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.16Constitution, article XI, sections 4 to 7.
1.17 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
REVISOR JSK/DG 25-0159012/20/24
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 502
NINETY-FOURTH SESSION
Authored by Smith, Liebling and Hicks02/13/2025
The bill was read for the first time and referred to the Committee on Capital Investment