HF 547

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to capital improvements; appropriating money 
  1.3             to the board of water and soil resources for the 
  1.4             conservation enhancement reserve program; authorizing 
  1.5             the sale of state bonds. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [APPROPRIATIONS.] 
  1.8      $43,000,000 is appropriated from the bond proceeds fund to 
  1.9   the board of water and soil resources for the conservation 
  1.10  enhancement reserve program.  $8,400,000 is appropriated from 
  1.11  the general fund to the board of water and soil resources for 
  1.12  the biennium ending June 30, 2003, for administrative expenses 
  1.13  of the conservation reserve program. 
  1.14     Sec. 2.  [BOND SALE.] 
  1.15     To provide the money appropriated in this act from the 
  1.16  state bond proceeds fund, the commissioner of finance, on 
  1.17  request of the governor, shall sell and issue bonds of the state 
  1.18  in an amount up to $43,000,000 in the manner, upon the terms, 
  1.19  and with the effect prescribed by Minnesota Statutes, sections 
  1.20  16A.631 to 16A.675, and by the Minnesota Constitution, article 
  1.21  XI, sections 4 to 7. 
  1.22     Sec. 3.  [EFFECTIVE DATE.] 
  1.23     This act is effective the day following final enactment.