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Minnesota Legislature

Office of the Revisor of Statutes

SF 1902

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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

A bill for an act
relating to state government; including definition terms for energy forward
pricing mechanisms; amending Minnesota Statutes 2006, section 16C.143,
subdivision 1.

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

Section 1.

Minnesota Statutes 2006, section 16C.143, subdivision 1, is amended to read:


Subdivision 1.

Definitions.

The following definitions apply in this section:

(1) "energy" means natural gas, heating oil, propane, new text begindiesel fuel, new text endand any other
energy source except electricity used in state deleted text beginfacilitiesdeleted text endnew text begin operationsnew text end; and

(2) "forward pricing mechanism" means a contract or financial instrument that
obligates a state agency to buy or sell a specified quantity of energy at a future date at a
set price.