HF 3673

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/13/2024 03:52pm

A bill for an act
relating to capital investment; appropriating money for improvements at the
Olmsted County waste-to-energy facility; authorizing the sale and issuance of state
bonds.

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

Section 1. new text begin OLMSTED COUNTY; CARBON CAPTURE SYSTEM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,000,000 is appropriated from the bond proceeds fund
to the commissioner of the Pollution Control Agency for a grant to Olmsted County for
predesign, engineering, and environmental analysis for a carbon capture, utilization, and
storage system associated with processing solid waste at the Olmsted County waste-to-energy
facility, and the predesign and design of a business incubator for purposes of creating a
technical training platform related to carbon sequestration at the Olmsted County
waste-to-energy facility.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin 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 $5,000,000 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.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end