HF 3295

as introduced - 88th Legislature (2013 - 2014) Posted on 03/26/2014 11:49am

A bill for an act
relating to capital investment; appropriating money for shade tree replacement;
authorizing the sale and issuance of state bonds.

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

Section 1. new text begin SHADE TREE PROGRAM; APPROPRIATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,000,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for grants to cities, counties, townships, and
park and recreation boards in cities of the first class for the planting of publicly owned
shade trees on public land to provide environmental benefits; to replace trees lost to forest
pests, disease, or storms; or to establish a more diverse community forest better able to
withstand disease and forest pests. The commissioner must give priority to grant requests
to remove and replace trees with active infestations of emerald ash borer. For purposes of
this subdivision, "shade tree" means a woody perennial grown primarily for aesthetic or
environmental purposes with minimal to no residual timber value and with no intent to
harvest the tree for its wood. Any tree planted with funding under this subdivision must
be a species native to Minnesota.
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 subdivision 1 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