A bill for an act
relating to capital investment; appropriating money for the Canisteo Flood
Mitigation Project to mitigate threats to public safety, property, and regional water
quality; authorizing the sale and issuance of state bonds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a) $5,500,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for the acquisition of land or easements and
for permitting and construction of publicly owned infrastructure to mitigate the imminent
threat to public safety, property, and regional water quality from the rising water at the
Canisteo open pit mine complex.
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(b) The commissioner may enter into a lease for this project for a term that is consistent
with meeting project needs and Minnesota Statutes, section 16A.695. A lease entered into
under this subdivision must include a provision that provides for the amendment or
termination of the lease when (1) the commissioner of natural resources determines that the
project is no longer needed to serve the intended purpose or identifies a more effective
alternative to the constructed project; or (2) mining operations are fully permitted to resume
in all or part of the property acquired or improved with state bond proceeds, consistent with
Minnesota Statutes, section 16A.695.
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(c) Upon substantial completion of the project authorized in this section and after written
notice to the commissioner of management and budget, the commissioner of natural resources
may use any money remaining in this appropriation to engineer, design, and construct water
mitigation infrastructure at the Hill Annex open pit mining complex.
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To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $5,500,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7.
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This section is effective the day following final enactment.
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The Legacy Mine Management account is established in the
state treasury. The account consists of any money credited or transferred to it by law and
any income earned on money in the account.
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Money in the account is appropriated to the
commissioner of natural resources and may only be spent for the operation and maintenance
of the water mitigation infrastructure constructed in section 1, to mitigate the threat to public
safety, property, and regional water quality, from the rising water at the Canisteo open pit
mine complex. Any money remaining in the account, not needed for operation and
maintenance of water mitigation infrastructure at the Canisteo open pit mine complex, may
be used by the commissioner to maintain and operate water mitigation infrastructure at the
Hill Annex open pit mining complex.
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$850,000 is transferred from the general fund in fiscal year 2022 to the Legacy Mine
Management account, created in section 2.
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