SF 2275

as introduced - 87th Legislature (2011 - 2012) Posted on 03/06/2012 09:37am

A bill for an act
relating to capital investment; appropriating money for Minnesota forest
conservation and acquisition; authorizing the sale and issuance of state bonds.

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

Section 1. new text begin MINNESOTA FORESTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $3,000,000 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 Forests for the future. new text end

new text begin $1,500,000 of this appropriation is to acquire
conservation easements as described in Minnesota Statutes, chapter 84C, on private forest
lands and within forest legacy areas established under United States Code, title 16,
section 2103c. The conservation easements must guarantee public access, including
hunting and fishing.
new text end

new text begin Subd. 3. new text end

new text begin State forest land acquisition. new text end

new text begin $1,500,000 of this appropriation is to
acquire perpetual easements and fee title from willing sellers on approximately 700 acres
of private forest lands primarily within state forest boundaries.
new text end

new text begin Subd. 4. 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 $3,000,000 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