Key: (1) language to be deleted (2) new language
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
Official Publication of the State of Minnesota
Revisor of Statutes