1.1 	A bill for an act
1.2 	relating to the permanent school fund; limiting costs that may be assessed against 
1.3 	permanent school trust lands to not more than 30 percent of the lands' gross 
1.4 	revenue for that year; appropriating money;amending Minnesota Statutes 2010, 
1.5 	section 16A.125, subdivision 5.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. Minnesota Statutes 2010, section 16A.125, subdivision 5, is amended to 
1.8 	read:
1.9 		Subd. 5.Forest trust lands. (a) The term "state forest trust fund lands" as used 
1.10 	in this subdivision, means public land in trust under the Constitution set apart as "forest 
1.11 	lands under the authority of the commissioner" of natural resources as defined by section 
1.12 	89.001, subdivision 13.
1.13 	(b) The commissioner of management and budget shall credit the revenue from the 
1.14 	forest trust fund lands to the forest suspense account. The account must specify the trust 
1.15 	funds interested in the lands and the respective receipts of the lands.
1.16 	(c) After a fiscal year, the commissioner of management and budget shall certify the 
1.17 	total costs incurred for forestry during that year under appropriations for the protection, 
1.18 	improvement, administration, and management of state forest trust fund lands and 
1.19 	construction and improvement of forest roads to enhance the forest value of the lands. 
1.20 	The certificate must specify the trust funds interested in the lands. In any year, the total 
1.21 	costs assessed against the permanent school trust fund lands must not exceed 30 percent of 
1.22 	the revenue earned by permanent school trust fund lands. The commissioner of natural 
1.23 	resources shall supply the commissioner of management and budget with the information 
1.24 	needed for the certificate.
2.1 	(d) After a fiscal year, the commissioner shall distribute the receipts credited to the 
2.2 	suspense account during that fiscal year as follows:
2.3 	(1) the amount of the certified costs incurred by the state for forest management, 
2.4 	forest improvement, and road improvement during the fiscal year shall be transferred to 
2.5 	the forest management investment account established under section 89.039;
2.6 	(2) the balance of the certified costs incurred by the state during the fiscal year 
2.7 	shall be transferred to the general fund; and
2.8 	(3) the balance of the receipts shall then be returned prorated to the trust funds in 
2.9 	proportion to their respective interests in the lands which produced the receipts.
2.10 	(e) The commissioner of natural resources must provide the same levels of 
2.11 	protection, improvement, administration, and management of permanent school trust fund 
2.12 	lands as it provides for the other lands included in this subdivision.

2.13 	EFFECTIVE DATE. This section is effective July 1, 2012, and applies to 
2.14 	distributions made on or after that date.

2.15 	Sec. 2. APPROPRIATIONS.
 2.16 	$....... is appropriated in fiscal year 2014 from the general fund to the commissioner 
2.17 	of natural resources for the forest management activities required under Minnesota 
2.18 	Statutes, section 16A.125, subdivision 5.