This bill amends Minnesota Statutes 2024, section 103I.235, to modify the requirements for well disclosure certificates during the sale or transfer of real property. It introduces a new requirement for sellers to submit a well disclosure certificate to the commissioner of health before closing the sale, which must include specific information about the wells on the property, the buyer's details, and a nonrefundable fee of $50. The bill also establishes a timeline for the implementation of an information technology system to facilitate the electronic submission of these certificates and specifies that the new property owner will be responsible for any wells located on the property after the sale.

Additionally, the bill includes provisions for the expiration of certain paragraphs by July 31, 2028, or a date specified by the commissioner in the State Register. It appropriates funds for the development of the well disclosure certification information technology system, which will enable electronic submissions, fee payments, and the issuance of well disclosure certificate numbers. The bill aims to enhance the management and tracking of well disclosures in real estate transactions, ensuring better compliance and record-keeping.

Statutes affected:
Introduction: 103I.235