HF 354

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to natural resources; appropriating money for
conservation easements; authorizing the sale of state
bonds.

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

Section 1. new text begin APPROPRIATION.
new text end

new text begin $23,200,000 is appropriated to the Board of Water and Soil
Resources for the conservation reserve enhancement program. Of
this amount, $20,000,000 is from the bond proceeds fund.
Notwithstanding Minnesota Statutes, section 103F.515,
subdivision 2, paragraph (e), the money from the bond proceeds
fund shall be used for acquisition of 35-year or permanent
easements at the choice of the landowner, except that wetland
restorations must be permanent easements as required under
Minnesota Statutes, section 103F.515, subdivision 5, clause
(3). $3,200,000 of the amount is from the general fund and may
be used for technical or professional services to acquire
easements and implement easement conservation practices. The
money appropriated from the general fund is available until
expended.
new text end

Sec. 2. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated from the bond proceeds
fund under section 1, the commissioner of finance shall sell and
issue bonds of the state in an amount up to $20,000,000 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. 3. new text begin EFFECTIVE DATE.
new text end

new text begin Sections 1 and 2 are effective the day following final
enactment.
new text end