Financial assurance requirement for certain feedlot permits

This bill requires large feedlots in Minnesota, defined as those with 1,000 or more animal units, to provide financial proof before receiving or renewing a permit. The financial guarantee must be sufficient to cover the costs of closing the facility and cleaning up manure storage areas if the operator fails to comply with environmental rules. Additionally, the legislation mandates that the state Pollution Control Agency create and maintain a list of abandoned manure storage areas and develop a schedule to phase in these new financial requirements for 250 permittees per year, starting with the largest operations.