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SF 4434

as introduced - 91st Legislature (2019 - 2020) Posted on 11/03/2020 02:58pm

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3 1.4 1.5
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A bill for an act
relating to capital investment; appropriating money for predesign of a poultry
processing plant and associated industrial park in Northfield; authorizing the sale
and issuance of state bonds.

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

Section 1. new text begin NORTHFIELD; POULTRY PROCESSING PLANT AND INDUSTRIAL
PARK.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $250,000 is appropriated from the bond proceeds
fund to the commissioner of agriculture for a grant to the Northfield Economic Development
Authority for predesign of a poultry processing plant and an associated industrial park aimed
at creating new, value-added economic opportunities for local farmers in southeastern
Minnesota, subject to Minnesota Statutes, section 16A.695. The Regenerative Agriculture
Alliance may partner with the commissioner of agriculture in developing the predesign for
the industrial park.
new text end

new text begin (b) By March 1, 2022, the Regenerative Agriculture Alliance, in collaboration with the
commissioner of agriculture, must submit a report to the chairs and ranking minority members
of the legislative committees with jurisdiction over agriculture finance on the progress,
development, and implementation of the poultry processing plant and industrial park design
and their potential to open new market opportunities for local and emerging farmers.
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 $250,000 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