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HF 8

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

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
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A bill for an act
 relating to capital improvements; authorizing the
issuance of state bonds; appropriating money to
construct a wood yard for the Laurentian Energy
Authority.

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

Section 1. APPROPRIATION.

$2,500,000 is appropriated from the bond proceeds fund to
the commissioner of employment and economic development for a
grant to the Laurentian Energy Authority to construct a wood
yard for processing and prepping agricultural biomass and
forest-derived biomass wood waste for biomass energy facilities.

Sec. 2. BOND SALE.

To provide the money appropriated in this act from the bond
proceeds fund, the commissioner of finance shall sell and issue
bonds of the state in an amount up to $2,500,000 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.

Sec. 3. EFFECTIVE DATE.

Sections 1 and 2 are effective the day following final
enactment.