SF 2965

as introduced - 93rd Legislature (2023 - 2024) Posted on 08/04/2023 09:45am

A bill for an act
relating to capital investment; appropriating money for the Canisteo flood hazard
mitigation project to mitigate threats to public safety, property, and regional water
quality; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin CANISTEO LEGACY MINE PIT COMPLEX; APPROPRIATION.
new text end

new text begin (a) $8,875,000 in fiscal year 2024 is appropriated from the general fund to the
commissioner of natural resources for the acquisition of land or leases and for permitting
and construction of publicly owned infrastructure to mitigate the imminent threat to public
safety, property, and regional water quality from the rising water at the Canisteo Legacy
Mine Pit complex.
new text end

new text begin (b) Notwithstanding Minnesota Statutes, sections 92.50 and 282.04, or other law to the
contrary, the commissioner and the county may enter into leases for this project for a term
that is consistent with meeting project needs and Minnesota Statutes, section 16A.695. A
lease entered into under this subdivision must include a provision that provides for the
amendment or termination of the lease when: (1) the commissioner of natural resources
determines that the project is no longer needed to serve the intended purpose or identifies
a more effective alternative to the constructed project; or (2) mining operations are fully
permitted to resume in all or part of the property acquired or improved with state bond
proceeds, consistent with Minnesota Statutes, section 16A.695.
new text end

new text begin (c) Upon substantial completion of the project authorized in this section and after written
notice to the commissioner of management and budget, the commissioner of natural resources
may use any money remaining in this appropriation to engineer, design, and construct water
mitigation infrastructure at the Hill Annex Legacy Mine Pit complex.
new text end

new text begin (d) This appropriation is available until the project is completed or abandoned, subject
to Minnesota Statutes, section 16A.642.
new text end

Sec. 2. new text begin CANISTEO LEGACY MINE MANAGEMENT ACCOUNT.
new text end

new text begin Subdivision 1. new text end

new text begin Creation. new text end

new text begin The Canisteo Legacy Mine management account is established
in the state treasury. The account consists of any money credited or transferred to it by law
and any income earned on money in the account. Any interest or profit accruing from
investment of these sums is credited to the account. Money shall be appropriated and
transferred into the account.
new text end

new text begin Subd. 2. new text end

new text begin Investment. new text end

new text begin Money in the account may be invested pursuant to law by the
State Board of Investment.
new text end

new text begin Subd. 3. new text end

new text begin Appropriation; purpose. new text end

new text begin (a) Money in the account is appropriated to the
commissioner of natural resources and may only be spent for items related to the management
of rising water in the Canisteo Legacy Mine Pit complex, as described in this act, to mitigate
the threat to public safety, property, and regional water quality.
new text end

new text begin (b) $180,000 in fiscal year 2024 and $180,000 in fiscal year 2025 are appropriated for
operations and maintenance of the Canisteo Legacy Mine Pit complex. This appropriation
may be spent on pumping costs.
new text end

new text begin (c) $1,240,000 in fiscal year 2024 is appropriated for pumping costs at the Canisteo
Legacy Mine Pit complex. Up to $710,000 of this appropriation is available for transfer to
the commissioner of Iron Range Resources and Rehabilitation for the reimbursement of
costs incurred in fiscal year 2023.
new text end

new text begin (d) $30,000 in fiscal year 2024 is appropriated for reimbursement of costs incurred by
the commissioner of natural resources in fiscal year 2023.
new text end

Sec. 3. new text begin TRANSFER.
new text end

new text begin $1,630,000 in fiscal year 2024 is transferred from the general fund to the Canisteo Legacy
Mine management account established in section 2.
new text end