HF 623

as introduced - 89th Legislature (2015 - 2016) Posted on 02/05/2015 01:54pm

A bill for an act
relating to capital investment; appropriating money for a combined heat and
power system for the Western Lake Superior Sanitary District; authorizing the
sale and issuance of state bonds.

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

Section 1. WESTERN LAKE SUPERIOR SANITARY DISTRICT COMBINED
HEAT AND POWER SYSTEM.

Subdivision 1.

Appropriation.

$13,500,000 is appropriated from the bond proceeds
fund to the Public Facilities Authority for a grant to the Sanitary Board of the Western
Lake Superior Sanitary District to design, construct, furnish, and equip a combined heat
and power system to capture process heat and generate electricity for use at the Western
Lake Superior Sanitary District wastewater treatment facilities. This appropriation is not
available until the commissioner determines that at least an equal amount is committed
to the project from nonstate sources, provided that, for purposes of this matching
requirement, loans obtained from the Public Facilities Authority shall be a nonstate source.

Subd. 2.

Bond sale.

To provide the money appropriated in this section from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $13,500,000 in the manner, upon the terms, and with
the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
Minnesota Constitution, article XI, sections 4 to 7.

EFFECTIVE DATE.

This section is effective the day following final enactment.