1.1 	A bill for an act
1.2 	relating to natural resources; appropriating money for water-quality credit trading 
1.3 	program for storm water.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. APPROPRIATION; WATER-QUALITY CREDIT TRADING PROGRAM 
1.6 	FOR STORM WATER.
 1.7 	$300,000 in fiscal year 2018 is appropriated from the general fund to the commissioner 
1.8 	of the Pollution Control Agency to enter into a grant agreement with the Shell Rock River 
1.9 	Watershed District for a pilot project to develop and implement a model for a water-quality 
1.10 	credit trading program for storm water. The model must include identifying and quantifying 
1.11 	projects in the Shell Rock River watershed completed on or after July 1, 2013, and identifying 
1.12 	additional credit generators such as landowners, livestock farmers, in-lake water management 
1.13 	practices, and stream restoration projects. The program must include credit-estimation 
1.14 	methodologies and required trade ratios, credit demand calculation procedures, 
1.15 	implementation recommendations, and a transferable credit trading infrastructure. The 
1.16 	commissioner must convene a stakeholder group to guide the project. By July 1, 2019, the 
1.17 	commissioner must provide a final report to the chairs and ranking minority members of 
1.18 	the legislative committees with jurisdiction over environment and natural resources policy 
1.19 	and finance.