2005 Minnesota Statutes - 116J.551 — Creation of accounts.

     116J.551 Creation of accounts. 


    Subdivision 1.    Grant account.  A contaminated site 
 cleanup and development grant account is created in the general 
 fund.  Money in the account may be used, as appropriated by law, 
 to make grants as provided in section 116J.554 and to pay for 
 the commissioner's costs in reviewing applications and making 
 grants.  Notwithstanding section 16A.28, money appropriated to 
 the account is available for four years. 


    Subd. 2.    Revolving loan account.  A revolving loan 
 account is created in a special revenue fund for the Minnesota 
 cleanup revolving loan fund, funded by the United States 
 Environmental Protection Agency.  Money in the account may be 
 invested by the State Board of Investment.  Money in the account 
 must be used to provide loans and grants in accordance with 
 section 116J.559 and the Brownfields Revitalization and 
 Environmental Restoration Act of 2001, Public Law 107-118, title 
 II, under the authority of the United States Environmental 
 Protection Agency, and to pay for the commissioner's cost in 
 reviewing applications and making loans and/or grants. 


    HIST: 1993 c 375 art 13 s 1; 2004 c 206 s 13; 1Sp2005 c 1 art 
 4 s 15