HF 3505

1st Engrossment - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act
  1.2             relating to appropriations; authorizing a capital 
  1.3             improvement for manure digester farm demonstration 
  1.4             projects; appropriating money. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION.] 
  1.7      $350,000 is appropriated from the bond proceeds fund to the 
  1.8   commissioner of agriculture to fund one or more manure digester 
  1.9   farm demonstration projects.  The commissioner must seek 
  1.10  applicants for the projects, and state money shall be a loan.  A 
  1.11  loan recipient must repay the loan to the commissioner who shall 
  1.12  put the money in a revolving fund for future projects.  The 
  1.13  money under this act may be used as a match for federal dollars. 
  1.14     Sec. 2.  [BOND SALE.] 
  1.15     To provide the money appropriated in this act from the bond 
  1.16  proceeds fund, the commissioner of finance, on request of the 
  1.17  governor, shall sell and issue bonds of the state in an amount 
  1.18  up to $350,000 in the manner, upon the terms, and with the 
  1.19  effect prescribed by Minnesota Statutes, sections 16A.631 to 
  1.20  16A.675, and by the Minnesota Constitution, article XI, sections 
  1.21  4 to 7. 
  1.22     Sec. 3.  [EFFECTIVE DATE.] 
  1.23     This act is effective the day following final enactment.