SF 2313

as introduced - 89th Legislature (2015 - 2016) Posted on 03/09/2016 08:47am

A bill for an act
relating to capital investment; specifying eligibility of electrical generation under
the greater Minnesota business development public infrastructure grant program
and increasing the maximum grant amount for that purpose; amending Minnesota
Statutes 2014, section 116J.431, subdivisions 1a, 6.

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

Section 1.

Minnesota Statutes 2014, section 116J.431, subdivision 1a, is amended to
read:

Subd. 1a.

Definitions.

(a) For purposes of this section, the following terms have
the meanings given.

(b) "City" means a statutory or home rule charter city located outside the
metropolitan area, as defined in section 473.121, subdivision 2.

(c) "County" means a county located outside the metropolitan area, as defined in
section 473.121, subdivision 2.

(d) "Public infrastructure" means publicly owned physical infrastructure necessary to
support economic development projects, including, but not limited to, sewers, water supply
systems, utility extensions, streets, wastewater treatment systems, storm water management
systems, deleted text begin and deleted text end facilities for pretreatment of wastewater to remove phosphorus new text begin , and electrical
generation improvements to improve or expand the electric power standby capacity new text end .

Sec. 2.

Minnesota Statutes 2014, section 116J.431, subdivision 6, is amended to read:

Subd. 6.

Maximum grant amount.

new text begin (a) Except as provided in paragraph (b), new text end a
county or city may receive no more than $1,000,000 in two years for one or more projects.

new text begin (b) A city may receive up to $5,000,000 for an electrical generation improvement to
improve or expand electric power standby capacity.
new text end

Sec. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final enactment.
new text end