115A.59 BOND AUTHORIZATION AND APPROPRIATION OF PROCEEDS.
The commissioner of finance is authorized, upon request of the commissioner of the
Pollution Control Agency, to sell state bonds in the amount of up to $8,800,000 for the purpose of
the waste processing facility capital assistance program under section
. The bonds shall
be sold in the manner and upon the conditions prescribed in sections
, and in
the Minnesota Constitution, article XI, sections 4 to 7. The amount of bonds issued pursuant to
this authorization shall not exceed at any time the amount needed to produce a balance in the
waste management account equal to the aggregate amount of the loans and grants then approved
and not previously disbursed, plus the amount of the loans and grants to be approved in the current
and the following fiscal year, as estimated by the commissioner of the Pollution Control Agency.
History: 1980 c 564 art 7 s 3; 1989 c 271 s 15; 1989 c 335 art 1 s 269; 1994 c 639 art 5 s 3;
2002 c 379 art 1 s 30; 1Sp2005 c 1 art 2 s 161