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MN HF3386
Bill
Status
5/16/2014
Primary Sponsor
Rick Hansen
Click for details
AI Summary
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Requires permit holders mining nonferrous metallic minerals to annually remit two percent of all nonferrous metallic minerals mined to the commissioner of natural resources, in addition to existing annual fees.
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Establishes a strategic minerals reserve under the commissioner of natural resources to house and secure all minerals remitted by mining operations.
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Designates all minerals deposited in the strategic minerals reserve as property of the state.
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Prohibits sale or liquidation of minerals in the strategic minerals reserve for at least 30 years from the date of deposit.
Legislative Description
Strategic minerals reserve established, and remittance required of two percent of all nonferrous metallic minerals mined.
Last Action
Introduction and first reading, referred to Environment and Natural Resources Policy
5/16/2014