1.1 	A bill for an act
1.2 	relating to natural resources; authorizing the
1.3 	acquisition of lakeshore with county environmental
1.4 	trust fund resources; amending Laws 1998, chapter 389,
1.5 	article 16, section 31, subdivision 4, as amended.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. Laws 1998, chapter 389, article 16, section 31,
1.8 	subdivision 4, as amended by Laws 1999, chapter 180, section 3,
1.9 	and Laws 2001, chapter 164, section 5, is amended to read:
1.10 		Subd. 4.County environmental trust fund. (a) 
1.11 	Notwithstanding the provisions of Minnesota Statutes, chapter
1.12 	282, and any other law relating to the apportionment of proceeds
1.13 	from the sale of tax-forfeited land, and except as otherwise
1.14 	provided in this section, a county board must deposit the money
1.15 	received from the sale of land under subdivision 3 into an
1.16 	environmental trust fund established by the county under this
1.17 	subdivision.  The following may be withheld by a county board
1.18 	and are not required to be deposited into an environmental trust
1.19 	fund:  the costs of appraisal, abstracts, and surveys; money
1.20 	received from a sale which is attributable to land owned by a
1.21 	county in fee; amounts paid to lessees for improvements; amounts
1.22 	paid to acquire land which is included in a county plan for
1.23 	exchange and is conveyed to the state in the exchange, including
1.24 	the purchase price, appraisal, abstract, survey, and closing
1.25 	costs; and the costs of sale to lessees or other parties,
2.1 	including the costs of advertising, realtors, and closing
2.2 	services. Except as provided in paragraph (b),if the proceeds
2.3 	from the sale of tax-forfeited land in a county is $250,000 or
2.4 	more, the principal from the sale of the land may not be
2.5 	expended, and the county board may spend interest earned on the
2.6 	principal only for purposes related to the improvement of
2.7 	natural resources.  To the extent money received from the sale
2.8 	is attributable to tax-forfeited land from another county, the
2.9 	money must be deposited in an environmental trust fund
2.10 	established under this section by that county board.
2.11 	(b) The principal of an environmental trust fund,
2.12 	established by the county under this subdivision, may be spent
2.13 	on the acquisition and improvement of public access sites, as
2.14 	provided in Minnesota Statutes, section 86B.205, subdivision 7.
2.15 	If environmental trust fund money is used for the acquisition or
2.16 	improvement of a public access under this paragraph and the site
2.17 	is sold, the net proceeds to the county from the sale must be
2.18 	deposited in the environmental trust fund.