<a id="pl.1.3"></a><var>1.3</var>cleanup; directing the Pollution Control Agency to provide cleanup of certain <br/>
<a id="pl.1.4"></a><var>1.4</var>closed landfill sites; appropriating money;amending Minnesota Statutes 2006, <br/>
<a id="pl.1.5"></a><var>1.5</var>section 116.155, subdivisions 2, 3; proposing coding for new law in Minnesota <br/>
<a id="pl.1.6"></a><var>1.6</var>Statutes, chapter 116.<br/>
<a id="pl.1.7"></a><var>1.7</var>BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:<br/>
<br/>
<a id="bill.0.1.0"></a><a id="pl.1.8"></a><var>1.8</var>    Section 1. Minnesota Statutes 2006, section 116.155, subdivision 2, is amended to read:<br/>
<a id="pl.1.9"></a><var>1.9</var>    Subd. 2. <b>Appropriation.</b> (a) Money in the general portion of the remediation fund <br/>
<a id="pl.1.10"></a><var>1.10</var>is appropriated to the agency and the commissioners of agriculture and natural resources <br/>
<a id="pl.1.11"></a><var>1.11</var>for the following purposes:<br/>
<a id="pl.1.12"></a><var>1.12</var>    (1) to take actions related to releases of hazardous substances, or pollutants or <br/>
<a id="pl.1.13"></a><var>1.13</var>contaminants as provided in section 
         <statute_ref>115B.20</statute_ref>; <br/>
<a id="pl.1.14"></a><var>1.14</var>    (2) to take actions related to releases of hazardous substances, or pollutants or <br/>
<a id="pl.1.15"></a><var>1.15</var>contaminants, at and from qualified landfill facilities as provided in section 
         <statute_ref>115B.42, <br/>
<a id="pl.1.16"></a><var>1.16</var>subdivision 2
         </statute_ref>; <br/>
<a id="pl.1.17"></a><var>1.17</var>    (3) to provide technical and other assistance under sections 
         <statute_ref>115B.17, subdivision <br/>
<a id="pl.1.18"></a><var>1.18</var>14
         </statute_ref>, 
         <statute_ref>115B.175</statute_ref> to 
         <statute_ref>115B.179</statute_ref>, and 
         <statute_ref>115C.03, subdivision 9</statute_ref>; <br/>
<a id="pl.1.19"></a><var>1.19</var>    (4) for corrective actions to address incidents involving agricultural chemicals, <br/>
<a id="pl.1.20"></a><var>1.20</var>including related administrative, enforcement, and cost recovery actions pursuant to <br/>
<a id="pl.1.21"></a><var>1.21</var>chapter 18D; and<br/>
<a id="pl.1.22"></a><var>1.22</var>    (5) to make debt service payments on revenue bonds issued under section 116.156; <br/>
<a id="pl.1.23"></a><var>1.23</var>and<br/>
<a id="pl.2.1"></a><var>2.1</var>    (6) together with any amount approved for transfer to the agency from the petroleum <br/>
<a id="pl.2.2"></a><var>2.2</var>tank fund by the commissioner of finance, to take actions related to releases of petroleum <br/>
<a id="pl.2.3"></a><var>2.3</var>as provided under section 
         <statute_ref>115C.08</statute_ref>. <br/>
<a id="pl.2.4"></a><var>2.4</var>    (b) The commissioner of finance shall allocate the amounts available in any <br/>
<a id="pl.2.5"></a><var>2.5</var>biennium to the agency, and the commissioners of agriculture and natural resources for the <br/>
<a id="pl.2.6"></a><var>2.6</var>purposes provided in this subdivision based upon work plans submitted by the agency and <br/>
<a id="pl.2.7"></a><var>2.7</var>the commissioners of agriculture and natural resources, and may adjust those allocations <br/>
<a id="pl.2.8"></a><var>2.8</var>upon submittal of revised work plans. Copies of the work plans shall be submitted <br/>
<a id="pl.2.9"></a><var>2.9</var>to the chairs of the senate and house committees having jurisdiction over environment <br/>
<a id="pl.2.10"></a><var>2.10</var>and environment finance.<br/>
<a id="pl.2.11"></a><var>2.11</var>    (c) Priority for appropriations from the general portion of the remediation fund shall <br/>
<a id="pl.2.12"></a><var>2.12</var>be given to debt service payments under paragraph (a), clause (5).<br/>
<br/>
<a id="bill.0.2.0"></a><a id="pl.2.13"></a><var>2.13</var>    Sec. 2. Minnesota Statutes 2006, section 116.155, subdivision 3, is amended to read:<br/>
<a id="pl.2.14"></a><var>2.14</var>    Subd. 3. <b>Revenues.</b> The following revenues shall be deposited in the general <br/>
<a id="pl.2.15"></a><var>2.15</var>portion of the remediation fund:<br/>
<a id="pl.2.16"></a><var>2.16</var>    (1) response costs and natural resource damages related to releases of hazardous <br/>
<a id="pl.2.17"></a><var>2.17</var>substances, or pollutants or contaminants, recovered under sections 
         <statute_ref>115B.17, subdivisions <br/>
<a id="pl.2.18"></a><var>2.18</var>6 and 7
         </statute_ref>, 
         <statute_ref>115B.443</statute_ref>, 
         <statute_ref>115B.444</statute_ref>, or any other law; <br/>
<a id="pl.2.19"></a><var>2.19</var>    (2) money paid to the agency or the Agriculture Department by voluntary parties <br/>
<a id="pl.2.20"></a><var>2.20</var>who have received technical or other assistance under sections 
         <statute_ref>115B.17, subdivision 14</statute_ref>, <br/>
<statute_ref><a id="pl.2.21"></a><var>2.21</var>115B.175
         </statute_ref> to 
         <statute_ref>115B.179</statute_ref>, and 
         <statute_ref>115C.03, subdivision 9</statute_ref>; <br/>
<a id="pl.2.22"></a><var>2.22</var>    (3) money received in the form of gifts, grants, reimbursement, or appropriation from <br/>
<a id="pl.2.23"></a><var>2.23</var>any source for any of the purposes provided in subdivision 2, except federal grants; and<br/>
<a id="pl.2.24"></a><var>2.24</var>    (4) money received from revenue bonds sold under section 116.156 and placed <br/>
<a id="pl.2.25"></a><var>2.25</var>in a special bond proceeds account; and<br/>
<a id="pl.2.26"></a><var>2.26</var>    (5) interest accrued on the fund.<br/>
<br/>
<a id="bill.0.3.0"></a><a id="pl.2.27"></a><var>2.27</var>    Sec. 3. <b>[116.156] CLOSED LANDFILL CLEANUP REVENUE BONDS.</b><br/>
<a id="pl.2.28"></a><var>2.28</var>    Subdivision 1. <b>Bonding authority.</b> (a) The commissioner of finance, if requested <br/>
<a id="pl.2.29"></a><var>2.29</var>by the commissioner of the Pollution Control Agency, shall sell and issue state revenue <br/>
<a id="pl.2.30"></a><var>2.30</var>bonds for the following purposes:<br/>
<a id="pl.2.31"></a><var>2.31</var>    (1) to take actions related to hazardous substances, pollutants, or contaminants at <br/>
<a id="pl.2.32"></a><var>2.32</var>and from qualified landfill facilities as provided in section 115B.42, subdivision 2;<br/>
<a id="pl.2.33"></a><var>2.33</var>    (2) to pay the costs of issuance, debt service, and bond insurance or other credit <br/>
<a id="pl.2.34"></a><var>2.34</var>enhancements and to fund reserves; and<br/>
<a id="pl.3.1"></a><var>3.1</var>    (3) to refund bonds issued under this section.<br/>
<a id="pl.3.2"></a><var>3.2</var>    (b) The amount of bonds that may be issued for the purposes of paragraph (a), <br/>
<a id="pl.3.3"></a><var>3.3</var>clause (1), may not exceed $25,000,000. The amount of bonds that may be issued for the <br/>
<a id="pl.3.4"></a><var>3.4</var>purposes of paragraph (a), clauses (2) and (3), is not limited.<br/>
<a id="pl.3.5"></a><var>3.5</var>    Subd. 2. <b>Procedure.</b> The commissioner of finance may sell and issue the bonds <br/>
<a id="pl.3.6"></a><var>3.6</var>on the terms and conditions the commissioner of finance determines to be in the best <br/>
<a id="pl.3.7"></a><var>3.7</var>interests of the state. The bonds may be sold at public or private sale. The commissioner <br/>
<a id="pl.3.8"></a><var>3.8</var>of finance may enter any agreements or pledges the commissioner of finance determines <br/>
<a id="pl.3.9"></a><var>3.9</var>necessary or useful to sell the bonds that are not inconsistent with this section. Sections <br/>
<a id="pl.3.10"></a><var>3.10</var>16A.672 to 16A.675 apply to the bonds. The proceeds of the bonds issued under this <br/>
<a id="pl.3.11"></a><var>3.11</var>section must be credited to a special bond proceeds account in the remediation fund and <br/>
<a id="pl.3.12"></a><var>3.12</var>are appropriated to the commissioner of the Pollution Control Agency for the purposes <br/>
<a id="pl.3.13"></a><var>3.13</var>specified in subdivision 1.<br/>
<a id="pl.3.14"></a><var>3.14</var>    Subd. 3. <b>Revenue sources.</b> The debt service on the bonds is payable only from the <br/>
<a id="pl.3.15"></a><var>3.15</var>following sources:<br/>
<a id="pl.3.16"></a><var>3.16</var>    (1) the remediation fund; and<br/>
<a id="pl.3.17"></a><var>3.17</var>    (2) other revenues pledged to the payment of the bonds.<br/>
<a id="pl.3.18"></a><var>3.18</var>    Subd. 4. <b>Refunding bonds.</b> The commissioner of finance may issue bonds to refund <br/>
<a id="pl.3.19"></a><var>3.19</var>outstanding bonds issued under subdivision 1, including the payment of any redemption <br/>
<a id="pl.3.20"></a><var>3.20</var>premiums on the bonds and any interest accrued or to accrue to the first redemption date <br/>
<a id="pl.3.21"></a><var>3.21</var>after delivery of the refunding bonds. The proceeds of the refunding bonds may, in the <br/>
<a id="pl.3.22"></a><var>3.22</var>discretion of the commissioner of finance, be applied to the purchases or payment at <br/>
<a id="pl.3.23"></a><var>3.23</var>maturity of the bonds to be refunded, or the redemption of the outstanding bonds on the <br/>
<a id="pl.3.24"></a><var>3.24</var>first redemption date after delivery of the refunding bonds and may, until so used, be <br/>
<a id="pl.3.25"></a><var>3.25</var>placed in escrow to be applied to the purchase, retirement, or redemption. Refunding <br/>
<a id="pl.3.26"></a><var>3.26</var>bonds issued under this subdivision must be issued and secured in the manner provided <br/>
<a id="pl.3.27"></a><var>3.27</var>by the commissioner of finance.<br/>
<a id="pl.3.28"></a><var>3.28</var>    Subd. 5. <b>Not a general or moral obligation.</b> Bonds issued under this section are <br/>
<a id="pl.3.29"></a><var>3.29</var>not public debt, and the full faith, credit, and taxing powers of the state are not pledged <br/>
<a id="pl.3.30"></a><var>3.30</var>for their payment. The bonds may not be paid, directly in whole or in part from a tax of <br/>
<a id="pl.3.31"></a><var>3.31</var>statewide application on any class of property, income, transaction, or privilege. Payment <br/>
<a id="pl.3.32"></a><var>3.32</var>of the bonds is limited to the revenues explicitly authorized to be pledged under this <br/>
<a id="pl.3.33"></a><var>3.33</var>section. The state neither makes nor has a moral obligation to pay the bonds if the pledged <br/>
<a id="pl.3.34"></a><var>3.34</var>revenues and other legal security for them is insufficient.<br/>
<a id="pl.4.1"></a><var>4.1</var>    Subd. 6. <b>Trustee.</b> The commissioner of finance may contract with and appoint a <br/>
<a id="pl.4.2"></a><var>4.2</var>trustee for bondholders. The trustee has the powers and authority vested in it by the <br/>
<a id="pl.4.3"></a><var>4.3</var>commissioner of finance under the bond and trust indentures.<br/>
<a id="pl.4.4"></a><var>4.4</var>    Subd. 7. <b>Pledges.</b> Any pledge made by the commissioner of finance is valid and <br/>
<a id="pl.4.5"></a><var>4.5</var>binding from the time the pledge is made. The money or property pledged and later <br/>
<a id="pl.4.6"></a><var>4.6</var>received by the commissioner of finance is immediately subject to the lien of the pledge <br/>
<a id="pl.4.7"></a><var>4.7</var>without any physical delivery of the property or money or further act, and the lien of <br/>
<a id="pl.4.8"></a><var>4.8</var>any pledge is valid and binding as against all parties having claims of any kind in tort, <br/>
<a id="pl.4.9"></a><var>4.9</var>contract, or otherwise against the commissioner of finance, whether or not those parties <br/>
<a id="pl.4.10"></a><var>4.10</var>have notice of the lien or pledge. Neither the order nor any other instrument by which a <br/>
<a id="pl.4.11"></a><var>4.11</var>pledge is created need be recorded.<br/>
<a id="pl.4.12"></a><var>4.12</var>    Subd. 8. <b>Bonds; purchase and cancellation.</b> The commissioner of finance, subject <br/>
<a id="pl.4.13"></a><var>4.13</var>to agreements with bondholders that may then exist, may, out of any money available for <br/>
<a id="pl.4.14"></a><var>4.14</var>the purpose, purchase bonds of the commissioner of finance at a price not exceeding <br/>
<a id="pl.4.15"></a><var>4.15</var>(1) if the bonds are then redeemable, the redemption price then applicable plus accrued <br/>
<a id="pl.4.16"></a><var>4.16</var>interest to the next interest payment date thereon, or (2) if the bonds are not redeemable, <br/>
<a id="pl.4.17"></a><var>4.17</var>the redemption price applicable on the first date after the purchase upon which the bonds <br/>
<a id="pl.4.18"></a><var>4.18</var>become subject to redemption plus accrued interest to that date.<br/>
<a id="pl.4.19"></a><var>4.19</var>    Subd. 9. <b>State pledge against impairment of contracts.</b> The state pledges and <br/>
<a id="pl.4.20"></a><var>4.20</var>agrees with the holders of any bonds that the state will not limit or alter the rights vested <br/>
<a id="pl.4.21"></a><var>4.21</var>in the commissioner of finance to fulfill the terms of any agreements made with the <br/>
<a id="pl.4.22"></a><var>4.22</var>bondholders, or in any way impair the rights and remedies of the holders until the bonds, <br/>
<a id="pl.4.23"></a><var>4.23</var>together with interest on them, with interest on any unpaid installments of interest, and all <br/>
<a id="pl.4.24"></a><var>4.24</var>costs and expenses in connection with any action or proceeding by or on behalf of the <br/>
<a id="pl.4.25"></a><var>4.25</var>bondholders, are fully met and discharged. The commissioner of finance may include this <br/>
<a id="pl.4.26"></a><var>4.26</var>pledge and agreement of the state in any agreement with the holders of bonds issued <br/>
<a id="pl.4.27"></a><var>4.27</var>under this section.<br/>
<br/>
<a id="bill.0.4.0"></a><a id="pl.4.28"></a><var>4.28</var>    Sec. 4. <b>USE OF REVENUE BONDS FOR CLEANUP AT CERTAIN CLOSED </b><br/>
<a id="pl.4.29"></a><var>4.29</var><b>LANDFILL SITES; REPORT REQUIRED.</b><br/>
<a id="pl.4.30"></a><var>4.30</var>    (a) The commissioner of the Pollution Control Agency shall recommend to the <br/>
<a id="pl.4.31"></a><var>4.31</var>commissioner of finance the sale of bonds under Minnesota Statutes, section 116.156, <br/>
<a id="pl.4.32"></a><var>4.32</var>to take action at qualified closed landfill facilities in Mille Lacs, Washington County, <br/>
<a id="pl.4.33"></a><var>4.33</var>the Western Lake Superior Sanitary District, and Albert Lea. The commissioner of the <br/>
<a id="pl.4.34"></a><var>4.34</var>Pollution Control Agency may make additional requests for revenue bonds at other sites <br/>
<a id="pl.4.35"></a><var>4.35</var>under Minnesota Statutes, section 116.156.<br/>
<a id="pl.5.1"></a><var>5.1</var>    (b) By January 15, 2009, the commissioner of the Pollution Control Agency shall <br/>
<a id="pl.5.2"></a><var>5.2</var>report to the house and senate Finance Committees and Divisions with jurisdiction over <br/>
<a id="pl.5.3"></a><var>5.3</var>the environment on funding needs of the remediation fund to provide timely cleanup <br/>
<a id="pl.5.4"></a><var>5.4</var>of closed landfills in the state. The report shall make recommendations for additional <br/>
<a id="pl.5.5"></a><var>5.5</var>funding sources to address those needs.<br/>