HF 3947

as introduced - 91st Legislature (2019 - 2020) Posted on 03/02/2020 01:46pm

A bill for an act
relating to water; appropriating money to establish a third-party broker system for
water quality trading.

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

Section 1. new text begin THIRD-PARTY BROKER SYSTEM; TRADING OFFSETS FOR WATER
QUALITY; APPROPRIATION.
new text end

new text begin $....... in fiscal year 2021 is appropriated from the general fund to the commissioner of
the Pollution Control Agency to establish a program to allow a third party to broker trades
between pollutant discharge permittees and other participants in pollutant offsets under
Minnesota Statutes, section 115.03, subdivision 10. The commissioner, in consultation with
the University of Minnesota, must review existing water quality trading arrangements in
other states and design and implement the program. By January 15, 2021, the commissioner
must submit a report to the chairs and ranking minority members of the house of
representatives and senate committees and divisions with jurisdiction over environment and
natural resources policy and finance with the status of implementing the program under this
section and recommendations for any necessary statutory changes. This is a onetime
appropriation.
new text end