HF 883

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/01/2023 05:24pm

A bill for an act
relating to capital investment; appropriating money for forests and forestry capital
projects; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin APPROPRIATION; FORESTS AND FORESTRY CAPITAL PROJECTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $23,000,000 is appropriated from the bond proceeds
fund to the commissioner of natural resources for the purposes of this section.
new text end

new text begin Subd. 2. new text end

new text begin Reforestation. new text end

new text begin $10,000,000 of this appropriation is to provide for reforestation,
including stand improvement related to reforestation, on state forest lands to meet the
reforestation requirements of Minnesota Statutes, section 89.002, subdivision 2, including
purchasing native seeds and native seedlings, planting, seeding, site preparation, and
protection on state lands administered by the commissioner.
new text end

new text begin Subd. 3. new text end

new text begin State forest nursery facility. new text end

new text begin $10,000,000 of this appropriation is to predesign,
design, renovate, construct, furnish, and equip a state forest nursery facility.
new text end

new text begin Subd. 4. new text end

new text begin Forest stand improvement. new text end

new text begin $3,000,000 of this appropriation is for forest stand
improvement on state forest lands under Minnesota Statutes, sections 88.01 and 88.06.
new text end

new text begin Subd. 5. 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 $23,000,000 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