HF 589

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to energy; authorizing joint ventures among
certain municipal utilities and private parties;
amending Minnesota Statutes 2004, section 452.25, by
adding a subdivision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2004, section 452.25, is
amended by adding a subdivision to read:

new text begin Subd. 7. new text end

new text begin Additional authority for biomass energy
resources. new text end

new text begin In addition to the authority and powers granted to
municipal utilities in this section, the municipal utilities of
Virginia and Hibbing may also enter into one or more joint
ventures, with or without private investors, in order to plan,
finance, build or modify, and operate electric generation and
related facilities capable of producing and using biomass
resources in fulfillment of the biomass electric energy mandate
contained in section 216B.2424, subdivision 5a, paragraph (b).
A joint venture entered into under this subdivision that
includes private investors is exempt from section 465.719,
subdivisions 9 through 14.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day
following enactment.
new text end