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Key: (1) language to be deleted (2) new language

CHAPTER 68--S.F.No. 1902

An act

relating to state government; including definition terms for energy forward pricing mechanisms;

amending Minnesota Statutes 2006, section 16C.143, subdivision 1.

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

Section 1.

Minnesota Statutes 2006, section 16C.143, subdivision 1, is amended to read:

Subdivision 1.

Definitions.

The following definitions apply in this section:

(1) "energy" means natural gas, heating oil, propane, new text begin diesel fuel, new text end and any other energy source except electricity used in state deleted text begin facilitiesdeleted text end new text begin operationsnew text end ; and

(2) "forward pricing mechanism" means a contract or financial instrument that obligates a state agency to buy or sell a specified quantity of energy at a future date at a set price.

Presented to the governor May 11, 2007

Signed by the governor May 14, 2007, 5:04 p.m.

Official Publication of the State of Minnesota
Revisor of Statutes