SF 1646

as introduced - 90th Legislature (2017 - 2018) Posted on 05/31/2018 02:09pm

A bill for an act
relating to natural resources; appropriating money for water-quality credit trading
program for storm water.

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

Section 1. new text begin APPROPRIATION; WATER-QUALITY CREDIT TRADING PROGRAM
FOR STORM WATER.
new text end

new text begin $300,000 in fiscal year 2018 is appropriated from the general fund to the commissioner
of the Pollution Control Agency to enter into a grant agreement with the Shell Rock River
Watershed District for a pilot project to develop and implement a model for a water-quality
credit trading program for storm water. The model must include identifying and quantifying
projects in the Shell Rock River watershed completed on or after July 1, 2013, and identifying
additional credit generators such as landowners, livestock farmers, in-lake water management
practices, and stream restoration projects. The program must include credit-estimation
methodologies and required trade ratios, credit demand calculation procedures,
implementation recommendations, and a transferable credit trading infrastructure. The
commissioner must convene a stakeholder group to guide the project. By July 1, 2019, the
commissioner must provide a final report to the chairs and ranking minority members of
the legislative committees with jurisdiction over environment and natural resources policy
and finance.
new text end