1.1 	A bill for an act
1.2 	relating to state lands; requiring sale or exchange of riparian school trust lands in 
1.3 	St. Louis County.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. RIPARIAN SCHOOL TRUST LANDS; ST. LOUIS COUNTY.
 1.6 	To ensure equitable results for the permanent school fund in the exchange of riparian 
1.7 	lands under Minnesota Statutes, section 94.342, subdivision 7, all riparian school trust 
1.8 	lands in St. Louis County shall no later than June 30, 2014, be sold at public auction for 
1.9 	no less than the land's appraised value, exchanged for nonriparian land of equal or greater 
1.10 	value, or acquired by condemnation. Delineation of riparian land to be sold or exchanged 
1.11 	under this section shall, to the greatest extent practicable:
1.12 	(1) correspond with existing land surveys; and
1.13 	(2) preserve nonriparian land to generate revenue for the permanent school fund.