HF 1611

as introduced - 88th Legislature (2013 - 2014) Posted on 03/18/2013 01:49pm

A bill for an act
relating to capital investment; appropriating money for reforestation and forest
roads and bridges; authorizing the sale and issuance of state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin STATE FOREST LAND REFORESTATION.
new text end

new text begin $5,000,000 is appropriated to the commissioner of natural resources to increase
reforestation activities to meet the reforestation requirements of Minnesota Statutes,
section 89.002, subdivision 2, including planting, seeding, site preparation, and purchasing
native seeds and native seedlings; and for timber stand improvement.
new text end

Sec. 2. new text begin FOREST ROADS AND BRIDGES.
new text end

new text begin $2,000,000 is appropriated to the commissioner of natural resources for
reconstruction, resurfacing, replacement, and construction of state forest roads and bridges
under Minnesota Statutes, section 89.002.
new text end

Sec. 3. new text begin BOND AUTHORIZATION.
new text end

new text begin To provide the money appropriated in sections 1 and 2 from the bond proceeds fund,
the commissioner of management and budget shall sell and issue bonds of the state in an
amount up to $7,000,000 in the manner, upon the terms, and with the effect prescribed by
Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution,
article XI, sections 4 to 7.
new text end

Sec. 4. new text begin EFFECTIVE DATE.
new text end

new text begin This act is effective the day following final enactment.
new text end