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SF 1035

as introduced - 89th Legislature (2015 - 2016) Posted on 08/31/2015 02:51pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to natural resources; providing for condemnation of certain school
trust lands; authorizing issuance and sale of state bonds; appropriating money;
proposing coding for new law in Minnesota Statutes, chapter 92.

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

Section 1.

new text begin [92.83] CONDEMNATION OF SCHOOL TRUST LAND.
new text end

new text begin Subdivision 1. new text end

new text begin Purpose. new text end

new text begin The purpose of this section is to extinguish the school trust
interest in school trust lands where long-term economic return is prohibited by designation
or policy while producing economic benefits for Minnesota's public schools. For the
purposes of satisfying the Minnesota Constitution, article XI, section 8, which limits the
sale of school trust lands to a public sale, the commissioner of natural resources shall
acquire school trust lands through condemnation, as provided in subdivision 2.
new text end

new text begin Subd. 2. new text end

new text begin Commencement of condemnation proceedings. new text end

new text begin When the commissioner
of natural resources has determined sufficient money is available to acquire any of the
lands identified under section 84.027, subdivision 18, paragraph (c), the commissioner
shall proceed to extinguish the school trust interest by condemnation action. When
requested by the commissioner, the attorney general shall commence condemnation of
the identified school trust lands.
new text end

new text begin Subd. 3. new text end

new text begin Payment. new text end

new text begin The portion of the payment of the award and judgment that
is for the value of the land shall be deposited into the permanent school fund. The
remainder of the award and judgment payment shall first be remitted for reimbursement
to the accounts from which expenses were paid, with any remainder deposited into the
permanent school fund.
new text end

Sec. 2. new text beginSCHOOL TRUST LANDS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $....... is appropriated from the bond proceeds fund
to the commissioner of natural resources for the purposes of section 1.
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 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 $....... 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