HF 2793

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

A bill for an act
relating to capital investment; appropriating money for a pilot facility to generate
electricity using plasma arc technology and Minnesota biomass or waste
materials; authorizing the issuance of general obligation bonds.

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

Section 1. new text begin APPROPRIATION; BOARD OF REGENTS OF THE UNIVERSITY
OF MINNESOTA FOR A PILOT BIOMASS ENERGY FACILITY.
new text end

new text begin $5,000,000 is appropriated from the bond proceeds fund to the Board of Regents
of the University of Minnesota to design, construct, furnish, and equip a biomass waste
to energy pilot facility using plasma arc technology to generate electrical power using a
variety of Minnesota feedstocks or waste materials. The pilot facility must be developed
in collaboration with Minnesota industry. This appropriation is not available until the
commissioner of finance determines that $2,500,000 has been committed to the project
from nonstate sources.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated by section 1 from the bond proceeds fund,
the commissioner of finance shall sell and issue bonds of the state in an amount up to
$5,000,000 in the manner, on 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.
new text end

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end