Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

HF 3666

1st Engrossment - 90th Legislature (2017 - 2018) Posted on 05/14/2018 05:16pm

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3 1.4 1.5
1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15
1.16 1.17 1.18 1.19 1.20 2.1
2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9

A bill for an act
relating to environment; modifying terms of certain loan program; requiring
rulemaking for disposal facility certificates; amending Minnesota Statutes 2016,
section 116.993, subdivisions 2, 6.

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

Section 1.

Minnesota Statutes 2016, section 116.993, subdivision 2, is amended to read:


Subd. 2.

Eligible borrower.

To be eligible for a loan under this section, a borrower
must:

(1) be a small business corporation, sole proprietorship, partnership, or association;

(2) be a potential emitter of pollutants to the air, ground, or water;

(3) need capital for equipment purchases that will meet or exceed environmental
regulations or need capital for site investigation and cleanup;

(4) have deleted text begin lessdeleted text end new text begin fewernew text end than deleted text begin 50deleted text end new text begin 100new text end full-time new text begin equivalent new text end employees;new text begin and
new text end

(5) have an deleted text begin after taxdeleted text end new text begin after-taxnew text end profit of less than $500,000deleted text begin ; anddeleted text end new text begin .
new text end

deleted text begin (6) have a net worth of less than $1,000,000.
deleted text end

Sec. 2.

Minnesota Statutes 2016, section 116.993, subdivision 6, is amended to read:


Subd. 6.

Loan conditions.

A loan made under this section must include:

(1) an interest rate that is deleted text begin four percent ordeleted text end new text begin at or belownew text end one-half the prime rate, deleted text begin whichever
is greater
deleted text end new text begin not to exceed five percentnew text end ;

(2) a term of payment of not more than seven years; and

(3) an amount not less than $1,000 or exceeding deleted text begin $50,000deleted text end new text begin $75,000new text end .

Sec. 3. new text begin RULEMAKING; DISPOSAL FACILITY CERTIFICATES.
new text end

new text begin (a) The commissioner of the Pollution Control Agency must amend Minnesota Rules,
part 7048.1000, subpart 4, item D, to require six contact hours of required training to renew
a type IV disposal facility certificate.
new text end

new text begin (b) The commissioner may use the good cause exemption under Minnesota Statutes,
section 14.388, subdivision 1, clause (3), to adopt rules under this section, and Minnesota
Statutes, section 14.386, does not apply, except as provided under Minnesota Statutes,
section 14.388.
new text end