Minnesota Session Laws - 1987, Regular Session

  

                         Laws of Minnesota 1987 

                        CHAPTER 323-S.F.No. 905 
           An act relating to appropriations; appropriating money 
          to the commissioner of natural resources to replace 
          income lost to state trust funds when certain timber 
          permits were canceled; releasing timber from the trust 
          for a five-year period; authorizing the commissioner 
          of natural resources to sell, recycle or dispose of 
          the timber; directing the disposition of income. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [TRUST FUND INCOME; TIMBER PERMITS.] 
    $95,000 is appropriated from the general fund to the 
commissioner of natural resources to replace income lost to 
state trust funds when certain permits to cut timber on state 
trust fund lands were canceled by the state under Laws 1985, 
First Special Session chapter 13, section 219.  
    Sec. 2.  [TIMBER RELEASED FROM TRUST FOR FIVE-YEAR PERIOD; 
DISPOSITION OF INCOME.] 
    Upon receipt by the permanent school fund of the funds 
necessary to replace lost income, as appropriated by section 1, 
the timber on the state trust fund lands covered by the canceled 
permits shall be released from the trust for a period of five 
years.  During that five-year period the commissioner of natural 
resources shall attempt to sell, recycle, or dispose of the 
timber as otherwise provided by law.  Any income generated 
during the five-year period shall be returned to the general 
fund to the extent of the funds actually received by the 
permanent school fund.  Any excess shall be deposited in the 
forest suspense account. 
    Sec. 3.  [EFFECTIVE DATE.] 
    This act is effective the day following final enactment. 
    Approved May 29, 1987