SF 790

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to natural resources; modifying disposition
of receipts to the forest suspense account; amending
Minnesota Statutes 2004, sections 16A.125, subdivision
5; 89.039, subdivision 1.

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

Section 1.

Minnesota Statutes 2004, section 16A.125,
subdivision 5, is amended to read:

Subd. 5.

Forest trust lands.

new text begin (a) new text end 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.

new text begin (b) new text end The commissioner of finance 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.

new text begin (c) new text end After a fiscal year, the commissioner of finance 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. The commissioner of
natural resources shall supply the commissioner of finance with
the information needed for the certificate.

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

deleted text begin (a) deleted text end new text begin (1) new text end the amount of the certified costs incurred by the
state for forest management new text begin , forest improvement, and road
improvement new text end during the fiscal year shall be transferred to
the deleted text begin general fund. deleted text end new text begin forest management investment account
established under section 89.039;
new text end

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

deleted text begin (b) deleted text end new text begin (3) new text end 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.

Sec. 2.

Minnesota Statutes 2004, section 89.039,
subdivision 1, is amended to read:

Subdivision 1.

Account established; sources.

The forest
management investment account is created in the natural
resources fund in the state treasury and money in the account
may be spent only for the purposes provided in subdivision 2.
The following revenue shall be deposited in the forest
management investment account:

(1) timber sales receipts transferred from the consolidated
conservation areas account as provided in section 84A.51,
subdivision 2;

(2) timber sales receipts from forest lands as provided in
section 89.035; deleted text begin and
deleted text end

(3) new text begin money transferred from the forest suspense account
according to section 16A.125, subdivision 5; and
new text end

new text begin (4) new text end interest accruing from investment of the account.