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Key: (1) language to be deleted (2) new language

  

                         Laws of Minnesota 1985 

                        CHAPTER 116-H.F.No. 399 
           An act relating to education; requiring exchange of 
          permanent school fund land in state parks and waysides;
          requiring an inventory of other permanent school fund 
          lands; stating the goal of the permanent school fund; 
          proposing coding for new law in Minnesota Statutes, 
          chapters 92 and 120. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [92.121] [PERMANENT SCHOOL FUND LANDS.] 
    The commissioner of natural resources shall exchange 
permanent school fund land as defined in the Minnesota 
Constitution, article XI, section 8, located in state parks or 
state waysides for other lands as allowed by the Minnesota 
Constitution, article XI, section 10, and section 94.343, 
subdivision 1, that are compatible with the goal of the 
permanent school fund lands in section 2.  
    Sec. 2.  [120.85] [GOAL OF THE PERMANENT SCHOOL FUND.] 
    The legislature intends that it is the goal of the 
permanent school fund to secure the maximum long-term economic 
return from the school trust lands consistent with the fiduciary 
responsibilities imposed by the trust relationship established 
in the Minnesota Constitution, with sound natural resource 
conservation and management principles, and with other specific 
policy provided in state law. 
    Sec. 3.  [INVENTORY.] 
    The commissioner of natural resources shall inventory the 
permanent school fund land located in state parks or state 
waysides that are not exchanged under section 1, and other 
permanent school fund lands that are not presently used in a 
manner compatible with the goal of permanent school fund lands 
in section 2.  By January 15, 1986, the commissioner shall 
prepare a report containing the inventory and recommendations to 
use the permanent school fund land in a manner that is 
compatible with the goal of the permanent school fund land.  The 
report must be submitted to the education, agriculture and 
natural resources, and finance committees of the senate and the 
education, environment and natural resources, and appropriations 
committees of the house. 
    Approved May 14, 1985