SF332

Purpose

This bill would fund a new recycling-related project in Olmsted County by providing state money and borrowing authority to pay for the work.

Main Provisions

• Appropriation of funds: The bill allocates $19,375,000 from the bond proceeds fund to the Pollution Control Agency to grant Olmsted County money to design, construct, furnish, and equip a materials recovery facility in Olmsted County.
• Availability condition: The money can be used only after the Commissioner of the Management and Budget determines that sufficient resources have been committed to complete the project as required by state law.
• Bond financing: The state would sell and issue bonds up to $19,375,000 to provide the money for this appropriation. The bond process would follow the specified state laws and the Minnesota Constitution.

What the Bill Seeks to Accomplish

• Create or fund a materials recovery facility in Olmsted County to support recycling and waste processing.
• Use state financing (bond proceeds) to support local infrastructure through a grant administered by the Pollution Control Agency.

Significant Changes to Existing Law

• Establishes a new capital investment project by authorizing a specific bond issuance amount (up to $19,375,000) to fund a grant to Olmsted County for the facility.
• Ties the availability of the funds to a statutory resource-commitment requirement and to standard bond issuance processes under Minnesota law and the state Constitution.

Key Terms to Note

• materials recovery facility
• Olmsted County
• Pollution Control Agency
• grant
• design, construct, furnish, and equip
• bond proceeds fund
• bonds / bond sale
• Minnesota Statutes 16A502
• Minnesota Statutes 16A631 to 16A675
• Minnesota Constitution Article XI (sections 4 to 7)
• capital investment

Relevant Terms materials recovery facility, Olmsted County, Pollution Control Agency, grant, design, construct, furnish, equip, bond proceeds fund, bonds, bond sale, Minnesota Statutes 16A502, Minnesota Statutes 16A631-16A675, Minnesota Constitution Article XI, capital investment