Bill Text: MN HF2334 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Natural Resources Department school trust land acquisition funding provided, bonds issued, and money appropriated.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Introduced - Dead) 2014-03-10 - Author added Ward, J.E. [HF2334 Detail]
Download: Minnesota-2013-HF2334-Introduced.html
1.2relating to capital investment; appropriating money for acquisition of school
1.3trust land by the Department of Natural Resources; authorizing the sale and
1.4issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. ACQUISITION OF SCHOOL TRUST LAND.
1.7 Subdivision 1. Appropriation. $....... is appropriated from the bond proceeds
1.8fund to the commissioner of natural resources to acquire school trust lands where
1.9revenue generation is prohibited. All payments made pursuant to this subdivision shall
1.10be deposited into the permanent school fund, under Minnesota Statutes, section 11A.16.
1.11For purposes of this section, "school trust land" has the meaning given in Minnesota
1.12Statutes, section 92.025.
1.13 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.14bond proceeds fund, the commissioner of management and budget shall sell and issue
1.15bonds of the state in an amount up to $....... in the manner, upon the terms, and with
1.16the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.17Minnesota Constitution, article XI, sections 4 to 7.
1.18EFFECTIVE DATE.This section is effective the day following final enactment.
1.3trust land by the Department of Natural Resources; authorizing the sale and
1.4issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. ACQUISITION OF SCHOOL TRUST LAND.
1.7 Subdivision 1. Appropriation. $....... is appropriated from the bond proceeds
1.8fund to the commissioner of natural resources to acquire school trust lands where
1.9revenue generation is prohibited. All payments made pursuant to this subdivision shall
1.10be deposited into the permanent school fund, under Minnesota Statutes, section 11A.16.
1.11For purposes of this section, "school trust land" has the meaning given in Minnesota
1.12Statutes, section 92.025.
1.13 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.14bond proceeds fund, the commissioner of management and budget shall sell and issue
1.15bonds of the state in an amount up to $....... in the manner, upon the terms, and with
1.16the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.17Minnesota Constitution, article XI, sections 4 to 7.
1.18EFFECTIVE DATE.This section is effective the day following final enactment.
