1.1 	A bill for an act
1.2 	relating to economic development; appropriating money for a grant to the Iron 
1.3 	Range Resources and Rehabilitation Board.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. APPROPRIATION.
 1.6 	$4,000,000 is appropriated from the general fund to the commissioner of the 
1.7 	Department of Employment and Economic Development for a grant to the Iron Range 
1.8 	Resources and Rehabilitation Board for the purpose of reimbursing biomass facilities 
1.9 	located in Minnesota for up to $32.50 per cord of roundwood product purchased from 
1.10 	established loggers.
1.11 	The following additional conditions must be met by the biomass facility:
1.12 	(1) reimbursable cords must be delivered to a site agreed to by the facility and the 
1.13 	agency for power generation or cogeneration purposes;
1.14 	(2) the facility may be reimbursed only for the first 1,000 reimbursable cords 
1.15 	purchased from each eligible logger; and 
1.16 	(3) no reimbursement may be made for cords purchased after June 30, 2007, or for a 
1.17 	price less than $62.50 per cord.