HF 2076

as introduced - 87th Legislature (2011 - 2012) Posted on 02/10/2012 11:58am

A bill for an act
relating to the permanent school fund; limiting costs that may be assessed against
permanent school trust lands to not more than 30 percent of the lands' gross
revenue for that year; appropriating money; amending Minnesota Statutes 2010,
section 16A.125, subdivision 5.

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

Section 1.

Minnesota Statutes 2010, section 16A.125, subdivision 5, is amended to
read:

Subd. 5.

Forest trust lands.

(a) The term "state forest trust fund lands" as used
in this subdivision, means public land in trust under the Constitution set apart as "forest
lands under the authority of the commissioner" of natural resources as defined by section
89.001, subdivision 13.

(b) The commissioner of management and budget shall credit the revenue from the
forest trust fund lands to the forest suspense account. The account must specify the trust
funds interested in the lands and the respective receipts of the lands.

(c) After a fiscal year, the commissioner of management and budget shall certify the
total costs incurred for forestry during that year under appropriations for the protection,
improvement, administration, and management of state forest trust fund lands and
construction and improvement of forest roads to enhance the forest value of the lands.
The certificate must specify the trust funds interested in the lands. new text begin In any year, the total
costs assessed against the permanent school trust fund lands must not exceed 30 percent of
the revenue earned by permanent school trust fund lands. new text end The commissioner of natural
resources shall supply the commissioner of management and budget with the information
needed for the certificate.

(d) After a fiscal year, the commissioner shall distribute the receipts credited to the
suspense account during that fiscal year as follows:

(1) the amount of the certified costs incurred by the state for forest management,
forest improvement, and road improvement during the fiscal year shall be transferred to
the forest management investment account established under section 89.039;

(2) the balance of the certified costs incurred by the state during the fiscal year
shall be transferred to the general fund; and

(3) the balance of the receipts shall then be returned prorated to the trust funds in
proportion to their respective interests in the lands which produced the receipts.

new text begin (e) The commissioner of natural resources must provide the same levels of
protection, improvement, administration, and management of permanent school trust fund
lands as it provides for the other lands included in this subdivision.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2012, and applies to
distributions made on or after that date.
new text end

Sec. 2. new text begin APPROPRIATIONS.
new text end

new text begin $....... is appropriated in fiscal year 2014 from the general fund to the commissioner
of natural resources for the forest management activities required under Minnesota
Statutes, section 16A.125, subdivision 5.
new text end