DRAFT

Line 1.1	Senator .................... moves to amend S.F. No. ..... as follows: 

Line 1.2	Page .., after line .., insert: 

Line 1.3 	"Sec. . 

Line 1.4	Subd. Fiscal year 2020 recommendations 

Lines 1.5-20	(a) Wastewater treatment system grants. 
The Legislative-Citizens Commission on Minnesota Resources shall consider recommending up to 50 percent of the available money from the trust fund for expenditure by the Public Facilities Authority for wastewater treatment grants to home rule charter and statutory cities and towns with a population under 5,000. The grants shall be issued under Minnesota Statutes, sections 446A.072 and 446A.073. The recommendations may include a technical assistance program for recipients eligible under this subdivision. The commission shall work with the Public Facilities Authority in developing its recommendations. 

Lines 1.21-28	(b) Wastewater treatment system loans. The commission shall consider recommending up to five percent of the corpus of the trust fund for loans to the Public Facilities Authority to issue loans under Minnesota Statutes, section 446A.07, to home rule charter and statutory cities and towns with a population under 5,000. 

Lines 1.29-34	(c) Work program and semiannual progress reports. The work plan required under Minnesota Statutes, section 116P.05, subdivision 2, paragraph (b), shall consist of lists showing the fundable ranges for grants and loans pursuant to this subdivision." 

Line 2.1	Page .., after line .., insert: 

Line 2.2	"Sec. .... Minnesota Statutes 2016, section 116P.08, subdivision 2, is amended to read: 

Lines 2.3-11	Subd. 2. Exceptions. Money from the trust fund may not be spent for: 
(1) purposes of environmental compensation and liability under chapter 115B and response actions under chapter 115C; 
(2) purposes of municipal water pollution control (NEW-'in municipalities with a population of 5,000 or more'-END NEW) under the authority of chapters 115 and 116; 
(3) costs associated with the decommissioning of nuclear power plants; 
(4) hazardous waste disposal facilities; 
(5) solid waste disposal facilities; or 
(6) projects or purposes inconsistent with the strategic plan. 

Line 2.12	Sec. .... Minnesota Statutes 2016, section 116P.12, subdivision 1, is amended to read: 

Lines 2.13-28	Subdivision 1. Loans authorized. (a) If the principal of the trust fund equals or exceeds $200,000,000, the commission may vote to set aside up to five percent of the principal of the trust fund for water system improvement loans. The purpose of water system improvement loans is to offer below market rate interest loans to local units of government for the purposes of water system improvements. 
(b) The interest on a loan shall be calculated on the declining balance at a rate (STRIKETHROUGH-'four percentage points below'-END STRIKETHROUGH) (NEW-'that is the greater of one percent or 50 percent'-END NEW) of the secondary market yield of one-year United States Treasury bills calculated according to section 549.09, subdivision 1, paragraph (c). 
(c) An eligible project must prove that existing federal or state loans or grants have not been adequate. 
(d) Payments on the principal and interest of loans under this section must be credited to the trust fund. 
(e) Repayment of loans made under this section must be completed within 20 years. 
(f) The Minnesota Public Facilities Authority must report to the commission each year on (STRIKETHROUGH-'the loan program'-END STRIKETHROUGH) (NEW-'any loans made to the authority'-END NEW) under this section." 

11/20/17 10:34 AM 

COUNSELGK/DVGK0042