SF 2861

as introduced - 88th Legislature (2013 - 2014) Posted on 03/24/2014 08:17am

A bill for an act
relating to capital investment; appropriating money to the Board of Water and
Soil Resources for the wetland replacement program; authorizing the sale and
issuance of state bonds.

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

Section 1. new text begin WETLAND REPLACEMENT DUE TO PUBLIC ROAD PROJECTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $5,400,000 is appropriated from the bond proceeds
fund to the Board of Water and Soil Resources to acquire land for wetland restoration or
preservation to replace wetlands drained or filled as a result of the repair or reconstruction,
replacement, or rehabilitation of existing public roads as required by Minnesota Statutes,
section 103G.222.
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 act from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $5,400,000 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