HF 738

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act
  1.2             relating to capital investment; appropriating money 
  1.3             for reforestation; authorizing the issuance of general 
  1.4             obligation bonds. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [APPROPRIATION; NATURAL RESOURCES; 
  1.7   REFORESTATION.] 
  1.8      $1,500,000 is appropriated from the bond proceeds fund to 
  1.9   the commissioner of natural resources for improvements 
  1.10  authorized under the Minnesota Constitution, article XI, section 
  1.11  5, clause (f).  This appropriation is to increase reforestation 
  1.12  activities to meet the reforestation requirements of Minnesota 
  1.13  Statutes, section 89.002, subdivision 2, including planting, 
  1.14  seeding, site preparation, purchasing tree seed and seedlings, 
  1.15  improving forest stands, and protecting plantations. 
  1.16     Sec. 2.  [BOND SALE.] 
  1.17     To provide the money appropriated by section 1 from the 
  1.18  bond proceeds fund, the commissioner of finance shall sell and 
  1.19  issue bonds of the state in an amount up to $1,500,000 in the 
  1.20  manner, on the terms, and with the effect prescribed by 
  1.21  Minnesota Statutes, sections 16A.631 to 16A.675, and by the 
  1.22  Minnesota Constitution, article XI, sections 4 to 7. 
  1.23     Sec. 3.  [EFFECTIVE DATE.] 
  1.24     Sections 1 and 2 are effective the day following final 
  1.25  enactment.