as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to economic development; appropriating money for a grant to the Iron
Range Resources and Rehabilitation Board.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$4,000,000 is appropriated from the general fund to the commissioner of the
Department of Employment and Economic Development for a grant to the Iron Range
Resources and Rehabilitation Board for the purpose of reimbursing biomass facilities
located in Minnesota for up to $32.50 per cord of roundwood product purchased from
established loggers.
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The following additional conditions must be met by the biomass facility:
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(1) reimbursable cords must be delivered to a site agreed to by the facility and the
agency for power generation or cogeneration purposes;
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(2) the facility may be reimbursed only for the first 1,000 reimbursable cords
purchased from each eligible logger; and
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(3) no reimbursement may be made for cords purchased after June 30, 2007, or for a
price less than $62.50 per cord.
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