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SF 2161

as introduced - 88th Legislature (2013 - 2014) Posted on 03/20/2014 09:54am

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

Current Version - as introduced

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A bill for an act
relating to permanent school fund; amending funding for a school trust lands
director and the Legislative Permanent School Fund Commission; amending
Laws 2012, chapter 249, section 11.

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

Section 1.

Laws 2012, chapter 249, section 11, is amended to read:


Sec. 11. COSTS OF SCHOOL TRUST LANDS DIRECTOR AND
LEGISLATIVE PERMANENT SCHOOL FUND COMMISSION.

(a) The costs of the school trust lands director, including the costs of hiring staff,
and the Legislative Permanent School Fund Commission for fiscal years 2014 deleted text begin anddeleted text end new text begin ,new text end 2015new text begin ,
and 2016
new text end shall be from the state forest deleted text begin developmentdeleted text end new text begin suspense new text end account under Minnesota
Statutes, section 16A.125deleted text begin , and from the minerals management account under Minnesota
Statutes, section 93.2236, as appropriated by the legislature
deleted text end .

(b) The school trust lands director and the Legislative Permanent School Fund
Commission shall submit to the deleted text begin 2014deleted text end new text begin 2015 new text end legislature a proposal to fund the operational
costs of the Legislative Permanent School Fund Commission and school trust lands
director and staff with a cost certification method using revenues generated by the
permanent school fund lands.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end