HF 4193

as introduced - 93rd Legislature (2023 - 2024) Posted on 04/04/2024 09:32pm

A bill for an act
relating to state government; transferring certain state-owned land in the Cloquet
Forestry Center to the University of Minnesota; appropriating money for defeasance
of outstanding debt on certain state bond financed property.

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

Section 1. new text begin CLOQUET FORESTRY CENTER; LAND TRANSFER.
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new text begin (a) The commissioner of administration must convey for no consideration all state-owned
land within boundaries of the Cloquet Forestry Center to the Board of Regents of the
University of Minnesota.
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new text begin (b) The conveyance must be in a form approved by the attorney general. The attorney
general may make changes to the land description to correct errors and ensure accuracy.
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new text begin (c) The land to be conveyed is located in Carlton County and is described as follows:
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new text begin (1) the Southeast Quarter of the Northwest Quarter of Section 30, Township 49 North,
Range 17 West;
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new text begin (2) the East Half of the Northeast Quarter of Section 36, Township 49 North, Range 18
West;
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new text begin (3) the Northwest Quarter of the Southeast Quarter of Section 29, Township 49 North,
Range 17 West;
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new text begin (4) the Northwest Quarter of the Northwest Quarter of Section 29, Township 49 North,
Range 17 West;
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new text begin (5) the Northwest Quarter of the Southwest Quarter (or Lot 3) of Section 30, Township
49 North, Range 17 West;
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new text begin (6) the Southwest Quarter of the Northwest Quarter (or Lot 2) of Section 31, Township
49 North, Range 17 West;
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new text begin (7) the Southeast Quarter of the Northeast Quarter of Section 32, Township 49 North,
Range 17 West; and
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new text begin (8) the North Half of the Northeast Quarter of Section 32, Township 49 North, Range
17 West.
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new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
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Sec. 2. new text begin APPROPRIATION.
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new text begin $....... in fiscal year 2025 is appropriated from the general fund to the commissioner of
management and budget to prepay and defease any outstanding state general obligation
bonds used for improvements and betterments at the University of Minnesota Cloquet
Forestry Center, and other associated financing costs. This amount may be deposited,
invested, and applied to accomplish the purposes of this section as provided in Minnesota
Statutes, section 475.67, subdivisions 5 to 10, and 13. Upon the prepayment and defeasance
of all associated debt on the real property and improvements, all conditions set forth in
Minnesota Statutes, section 16A.695, subdivision 3, shall be deemed to have been satisfied
and the real property and improvements shall no longer constitute state bond financed
property under Minnesota Statutes, section 16A.695.
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new text begin EFFECTIVE DATE. new text end

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