HF 2541

1st Engrossment - 88th Legislature (2013 - 2014) Posted on 03/27/2014 03:37pm

A bill for an act
relating to energy; making changes to the energy improvements program for
local governments; making technical changes; amending Minnesota Statutes
2012, sections 216C.41, subdivision 4; 216C.436, subdivision 4, by adding a
subdivision; repealing Minnesota Rules, parts 3300.0800; 3300.0900; 3300.1000,
subparts 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 17, 18, 19, 20, 21, 22, 23,
24, 25, 25a, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36; 3300.1100; 3300.1200;
3300.1300; 3300.1400; 3300.1500; 3300.1600; 3300.1700; 3300.1800;
3300.1900; 7607.0100; 7607.0110; 7607.0120; 7607.0130; 7607.0140;
7607.0150; 7607.0160; 7607.0170; 7607.0180; 7610.0300; 7685.0100;
7685.0120; 7685.0130; 7685.0140.

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

Section 1.

Minnesota Statutes 2012, section 216C.41, subdivision 4, is amended to read:

Subd. 4.

Payment period.

(a) A facility may receive payments under this section for
a ten-year period. No payment under this section may be made for electricity generated:

(1) by a qualified hydroelectric facility after December 31, 2021;

(2) by a qualified wind energy conversion facility after December 31, 2018; or

(3) by a qualified on-farm biogas recovery facility after December 31, deleted text begin 2015 deleted text end new text begin 2017 new text end .

(b) The payment period begins and runs consecutively from the date the facility
begins generating electricity or, in the case of refurbishment of a hydropower facility, after
substantial repairs to the hydropower facility dam funded by the incentive payments are
initiated.

Sec. 2.

Minnesota Statutes 2012, section 216C.436, subdivision 4, is amended to read:

Subd. 4.

Financing terms.

Financing provided under this section must have:

(1) a weighted average maturity not exceeding the useful life of the energy
improvements installed, as determined by the implementing entity, but in no event may
a term exceed 20 years;

(2) a principal amount not to exceed the lesser of deleted text begin ten deleted text end new text begin 20 new text end percent of the assessed value
of the real property on which the improvements are to be installed or the actual cost of
installing the energy improvements, including the costs of necessary equipment, materials,
and labor, the costs of each related energy audit or renewable energy system feasibility
study, and the cost of verification of installation; and

(3) an interest rate sufficient to pay the financing costs of the program, including the
issuance of bonds and any financing delinquencies.

Sec. 3.

Minnesota Statutes 2012, section 216C.436, is amended by adding a
subdivision to read:

new text begin Subd. 9. new text end

new text begin Supplemental funding sources. new text end

new text begin (a) An implementing entity is authorized
to establish, acquire, and use additional or alternative funding sources for the purposes
of this section.
new text end

new text begin (b) For the purposes of this subdivision, additional or alternative funding sources
may include, but are not limited to, issuance of general obligation bonds in a manner
consistent with the requirements of chapter 475.
new text end

Sec. 4. new text begin REPEALER.
new text end

new text begin Subdivision 1. new text end

new text begin Weatherization assistance. new text end

new text begin Minnesota Rules, parts 3300.0800;
3300.0900; 3300.1000, subparts 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 17, 18, 19,
20, 21, 22, 23, 24, 25, 25a, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, and 36; 3300.1100;
3300.1200; 3300.1300; 3300.1400; 3300.1500; 3300.1600; 3300.1700; 3300.1800; and
3300.1900, new text end new text begin are repealed.
new text end

new text begin Subd. 2. new text end

new text begin Energy conservation loan program. new text end

new text begin Minnesota Rules, parts 7607.0100;
7607.0110; 7607.0120; 7607.0130; 7607.0140; 7607.0150; 7607.0160; 7607.0170; and
7607.0180, new text end new text begin are repealed.
new text end

new text begin Subd. 3. new text end

new text begin Electric utilities; extended forecasts. new text end

new text begin Minnesota Rules, part 7610.0300,
new text end new text begin is repealed.
new text end

new text begin Subd. 4. new text end

new text begin Cooling systems replacement; energy efficiency criteria. new text end

new text begin Minnesota
Rules, parts 7685.0100; 7685.0120; 7685.0130; and 7685.0140, new text end new text begin are repealed.
new text end