HF 1079

as introduced - 91st Legislature (2019 - 2020) Posted on 04/11/2019 12:23pm

A bill for an act
relating to capital investment; appropriating money for the reinvest in Minnesota
reserve program; acquiring working grasslands easements; authorizing sale and
issuance of state bonds.

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

Section 1. new text begin REINVEST IN MINNESOTA (RIM) RESERVE PROGRAM; WORKING
GRASSLANDS EASEMENTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $3,000,000 is appropriated from the bond proceeds
fund to the Board of Water and Soil Resources to acquire easements on working grasslands
from landowners to restore, rehabilitate, and enhance working lands, in order to protect soil
and water quality, support wildlife habitat, reduce flood damage, and provide other public
benefits. The provisions of Minnesota Statutes, section 103F.515, apply to this program.
new text end

new text begin (b) The board is authorized to enter into new agreements and amend past agreements
with landowners as required by Minnesota Statutes, section 103F.515, subdivision 5, to
allow for restoration, rehabilitation, and enhancement.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $3,000,000 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

new text begin EFFECTIVE DATE. new text end

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