This bill modifies the requirements for well disclosure certificates in real estate transactions in Minnesota. Key changes include:

1. Enhanced Well Disclosure Requirements:

   • Sellers must disclose the status and location of all known wells before signing a sale agreement.
   • A well disclosure certificate must be provided at closing, including buyer details and the location of each well.
   • Starting August 1, 2028, or earlier if specified by the commissioner, sellers must submit the well disclosure certificate to the commissioner before closing. The commissioner will issue a well disclosure certificate number, which must be recorded on the deed.

2. Fee for Well Disclosure Certificate:

   • A $50 nonrefundable fee will be required for submitting a well disclosure certificate.
   • The county recorder will collect and transmit part of the fee to the Department of Health.

3. New Information Technology System:

   • The bill mandates the development of an electronic system for submitting well disclosure certificates, accepting payments, and issuing searchable disclosure numbers.
   • The system must be implemented by June 30, 2028.
   • County recorders must verify and validate well disclosure information using the system.

4. Responsibility for Wells on Property:

   • Once the sale is completed, the new property owner will be responsible for any wells on the property.

5. Funding Appropriation:

   • A one-time appropriation is allocated for the technology system development, available until June 30, 2028.
   • Ongoing costs will be covered through a service-level agreement with the Department of Information Technology Services.

The bill aims to enhance the accuracy and tracking of well disclosures, streamline electronic submissions, and ensure proper documentation during real estate transactions.