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SF 4108

as introduced - 91st Legislature (2019 - 2020) Posted on 03/10/2020 08:43am

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 RIM and other conservation
purposes; authorizing the sale and issuance of state bonds.

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

Section 1. new text beginREINVEST IN MINNESOTA (RIM) RESERVE PROGRAM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin (a) $16,500,000 is appropriated from the bond proceeds
fund to the Board of Water and Soil Resources to acquire conservation easements from
landowners to preserve, restore, create, and enhance wetlands and associated uplands of
prairie and grasslands, and restore and enhance rivers and streams, riparian lands, and
associated uplands of prairie and grasslands in order to protect soil and water quality, support
fish and 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 (b) The board shall give priority to leveraging federal money by enrolling targeted new
lands or enrolling environmentally sensitive lands that have expiring federal conservation
agreements.
new text end

new text begin (c) The board is authorized to enter into new agreements and amend past agreements
with landowners as required by Minnesota Statutes, section 103F.515, subdivision 5, to
allow for restoration, rehabilitation, and enhancement. Of this appropriation, up to five
percent may be used for restoration and enhancement.
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 $16,500,000 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