1999 Minnesota Statutes

     92.03 Minimum price of lands. 

    Subdivision 1.    School lands.  The price of school 
 lands must be at least $5 an acre, including the value of timber 
 reproduction.  Sales of school lands must be held within the 
 county containing the lands or an adjacent county.  No more than 
 100,000 acres of school lands may be sold in one year.  If a 
 patent has been issued by the federal government to school land 
 before 1864 and the taxes on it have been paid for at least 35 
 years, the commissioner of finance may reduce the minimum price 
 of $5 an acre by the taxes paid to make the land salable.  

    Subd. 2.    University lands.  The price of lands 
 donated to the state by the United States by act of Congress 
 entitled "An act donating to the states of Minnesota and Oregon 
 certain lands reserved by Congress for the territories of 
 Minnesota and Oregon, for university purposes," approved March 
 2, 1861, and by an act of Congress entitled "An act donating 
 public lands to the several states and territories which may 
 provide colleges for the benefit of agriculture and mechanic 
 arts," approved July 2, 1862, must be at least $5 an acre, 
 including the value of timber reproduction.  The director shall 
 appraise these lands or any part of them and sell them in 
 accordance with this chapter.  

    Subd. 3.  Repealed, 1965 c 45 s 73 

    Subd. 4.    Internal improvement lands.  Lands donated 
 to the state under the eighth section of an act of Congress 
 entitled "An act to appropriate the proceeds of the sales of the 
 public lands, and to grant preemption rights," approved 
 September 4, 1841, must be appraised and sold and the money 
 derived from its sale invested, as provided by the Minnesota 
 Constitution, article XI, section 8. 

    HIST: (6261, 6262, 6264, 6265) RL s 2404,2405,2407,2408; 1917 
 c 76 s 1; 1919 c 258 s 1; 1961 c 657 s 1; 1963 c 202 s 1,2; 1973 
 c 492 s 14; 1982 c 424 s 16; 1985 c 265 art 3 s 1; 1991 c 219 s 
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