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SF 2698

as introduced - 89th Legislature (2015 - 2016) Posted on 03/15/2016 10:13am

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

Current Version - as introduced

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A bill for an act
relating to capital investment; appropriating money for state forest land
reforestation and forest roads and bridges; authorizing the sale and issuance of
state bonds.

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

Section 1. new text beginMINNESOTA FORESTS; REFORESTATION; ROADS AND
BRIDGES; APPROPRIATION.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation; reforestation. new text end

new text begin $9,000,000 is appropriated from the
bond proceeds fund to the commissioner of natural resources to increase reforestation
activities to meet the reforestation requirements of Minnesota Statutes, section 89.002,
subdivision 2, including purchasing native seeds and seedlings, planting, seeding, site
preparation, and protection on state lands administered by the commissioner.
new text end

new text begin Subd. 2. new text end

new text begin Appropriation; forest roads and bridges. new text end

new text begin $3,000,000 is appropriated
from the bond proceeds fund to the commissioner of natural resources for reconstruction,
resurfacing, replacement, and construction of state forest roads and bridges under
Minnesota Statutes, section 89.002, subdivision 3.
new text end

new text begin Subd. 3. 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 $12,000,000 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