HF 2690

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; appropriating money 
  1.3             for the RIM reserve program. 
  1.4   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.5      Section 1.  [RIM RESERVE PROGRAM.] 
  1.6      Subdivision 1.  [APPROPRIATION.] $25,000,000 is 
  1.7   appropriated from the bond proceeds fund to the board of water 
  1.8   and soil resources for the Reinvest in Minnesota (RIM) reserve 
  1.9   program.  This appropriation must be used to acquire easement 
  1.10  and implement conservation practices to protect soil, enhance 
  1.11  surface and ground water quality, and support fish and wildlife 
  1.12  habitat as provided in Minnesota Statutes, sections 103F.515 and 
  1.13  103F.516.  Up to 15 percent of this appropriation may be used 
  1.14  for professional and technical services to implement the 
  1.15  program.  The board must give priority to projects that will 
  1.16  best be able to obtain leverage from federal sources. 
  1.17     Subd. 2.  [BOND SALE.] To provide the money appropriated in 
  1.18  this act from the bond proceeds fund, the commissioner of 
  1.19  finance shall sell and issue bonds of the state in an amount up 
  1.20  to $25,000,000 in the manner, on the terms, and with the effect 
  1.21  prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, 
  1.22  and by the Minnesota Constitution, article XI, sections 4 to 7. 
  1.23     Sec. 2.  [EFFECTIVE DATE.] 
  1.24     This act is effective the day following final enactment.