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SF 977

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/26/2021 10:12am

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 forests and forestry capital
projects; authorizing the sale and issuance of state bonds.

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

Section 1. new text beginFORESTS AND FORESTRY CAPITAL PROJECTS.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation; forests for the future. new text end

new text begin $5,000,000 is appropriated from
the bond proceeds fund to the commissioner of natural resources for the Minnesota forests
for the future program under Minnesota Statutes, section 84.66.
new text end

new text begin Subd. 2. new text end

new text begin Appropriation; reforestation. new text end

new text begin $5,000,000 is appropriated from the bond
proceeds fund to the commissioner of natural resources to provide for reforestation and
stand improvement on state forest lands to meet the reforestation requirements of Minnesota
Statutes, section 89.002, subdivision 2, including purchasing native seeds and native
seedlings, planting, seeding, site preparation, and protection on state lands administered by
the commissioner.
new text end

new text begin Subd. 3. new text end

new text begin Appropriation; state forest nursery facilities. new text end

new text begin $5,000,000 is appropriated
from the bond proceeds fund to the commissioner of natural resources for state forest nursery
facilities for purposes of producing native forest seed and native seedlings, including under
Minnesota Statutes, sections 89.36 and 89.37.
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 $15,000,000 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