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SF 3539

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/01/2022 08:58am

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 to the Board of Water and Soil
Resources for the Water Quality and Storage program and the Reinvest in
Minnesota (RIM) Reserve programs; authorizing the sale and issuance of state
bonds.

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

Section 1. new text beginWATER QUALITY AND STORAGE PROGRAM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $10,000,000 is appropriated from the bond proceeds
fund to the Board of Water and Soil Resources for the water quality and storage program
under Minnesota Statutes, section 103F.05, to provide financial assistance to local units of
government to improve water quality and storage practices.
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 $10,000,000 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

Sec. 2. new text beginREINVEST IN MINNESOTA (RIM) RESERVE PROGRAMS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation; Reinvest in Minnesota reserve working lands
floodplain program.
new text end

new text begin $5,000,000 is appropriated from the bond proceeds fund to the Board
of Water and Soil Resources to acquire conservation easements from landowners or contracts
to preserve riparian land and floodplains adjacent to lakes, rivers, streams, and tributaries;
to keep water on the land; to decrease sediment, pollutant, and nutrient transport; reduce
hydrologic impacts to surface waters; and improve wildlife habitat and increase infiltration
for groundwater recharge. The provisions of Minnesota Statutes, section 103F.515, apply
to this program.
new text end

new text begin Subd. 2. new text end

new text begin Appropriation; Reinvest in Minnesota working grasslands
program.
new text end

new text begin $3,000,000 is appropriated from the bond proceeds fund to the Board of Water
and Soil Resources to acquire easements on working grasslands from landowners to restore,
rehabilitate, and enhance working lands in order to protect soil and water quality, support
wildlife habitat, reduce flood damage, and provide other public benefits. The provisions of
Minnesota Statutes, section 103F.515, apply to this program.
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 $8,000,000 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