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Bill > HF502


MN HF502

MN HF502
Olmsted County; materials recovery facility funding provided, bonds issued, and money appropriated.


summary

Introduced
02/13/2025
In Committee
02/13/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to capital investment; appropriating money for a materials recovery facility in Olmsted County; authorizing the sale and issuance of state bonds.

AI Summary

This bill provides $19,375,000 in state bond funding to Olmsted County for the purpose of designing, constructing, furnishing, and equipping a materials recovery facility (MRF). A materials recovery facility is a specialized center where recyclable materials are sorted, processed, and prepared for recycling or reuse. The funding will be made available through the state's bond proceeds fund, but will only be released after the commissioner of management and budget verifies that sufficient resources have been committed to complete the project, in accordance with state financial regulations. The commissioner is authorized to sell and issue state bonds up to the $19,375,000 amount following standard state bonding procedures outlined in Minnesota Statutes and the state constitution. The bill becomes effective immediately after it is enacted, allowing Olmsted County to move forward with its materials recovery facility project.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

Hearing (10:15:00 4/1/2025 ) (on 04/01/2025)

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