2005 Minnesota Statutes - 115A.59 — Bond authorization and appropriation of proceeds.

     115A.59 Bond authorization and appropriation of proceeds.


    The commissioner of finance is authorized, upon request of 
 the director, to sell state bonds in the amount of up to 
 $8,800,000 for the purpose of the waste processing facility 
 capital assistance program under section 115A.54.  The bonds 
 shall be sold in the manner and upon the conditions prescribed 
 in sections 16A.631 to 16A.675, and in the Minnesota 
 Constitution, article XI, sections 4 to 7.  The amount of bonds 
 issued pursuant to this authorization shall not exceed at any 
 time the amount needed to produce a balance in the waste 
 management account equal to the aggregate amount of the loans 
 and grants then approved and not previously disbursed, plus the 
 amount of the loans and grants to be approved in the current and 
 the following fiscal year, as estimated by the director. 


    HIST: 1980 c 564 art 7 s 3; 1989 c 271 s 15; 1989 c 335 art 1 
 s 269; 1994 c 639 art 5 s 3; 2002 c 379 art 1 s 30