Bill Text: MN HF2372 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Board of Water and Soil Resources wetland restoration funding provided, bonds issued, and money appropriated.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2012-02-20 - Introduction and first reading, referred to Environment, Energy and Natural Resources Policy and Finance [HF2372 Detail]
Download: Minnesota-2011-HF2372-Introduced.html
1.2relating to capital improvements; appropriating money to the Board of Water and
1.3Soil Resources for wetland restoration; authorizing the sale and issuance of
1.4state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. RESTORATION OF WETLANDS.
1.7 Subdivision 1. Appropriation. $13,100,000 is appropriated from the bond proceeds
1.8fund to the Board of Water and Soil Resources to acquire land for wetland restoration or
1.9preservation to replace wetlands drained or filled as a result of the repair or reconstruction,
1.10replacement, or rehabilitation of existing public roads as required by Minnesota Statutes,
1.11section 103G.222, subdivision 1, paragraphs (l) and (m). The provisions of Minnesota
1.12Statutes, section 103F.515, apply to this appropriation, except that the board may establish
1.13alternative payment rates for easements and practices to establish restored native prairies,
1.14as defined in Minnesota Statutes, section 84.02, subdivision 5, and to protect uplands.
1.15The purchase price paid for acquisition of land, fee, or perpetual easement must be the
1.16fair market value as determined by the board. The board may enter into agreements
1.17with the federal government, other state agencies, political subdivisions, and nonprofit
1.18organizations or fee owners to acquire land and restore and create wetlands and to acquire
1.19existing wetland banking credits. Acquisition of or the conveyance of land may be in the
1.20name of the political subdivision.
1.21 Subd. 2. Bond sale. To provide the money appropriated in this act from the bond
1.22proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.23the state in an amount up to $13,100,000 in the manner, upon the terms, and with the effect
2.1prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
2.2Constitution, article XI, sections 4 to 7.
2.3EFFECTIVE DATE.This section is effective the day following final enactment.
1.3Soil Resources for wetland restoration; authorizing the sale and issuance of
1.4state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. RESTORATION OF WETLANDS.
1.7 Subdivision 1. Appropriation. $13,100,000 is appropriated from the bond proceeds
1.8fund to the Board of Water and Soil Resources to acquire land for wetland restoration or
1.9preservation to replace wetlands drained or filled as a result of the repair or reconstruction,
1.10replacement, or rehabilitation of existing public roads as required by Minnesota Statutes,
1.11section 103G.222, subdivision 1, paragraphs (l) and (m). The provisions of Minnesota
1.12Statutes, section 103F.515, apply to this appropriation, except that the board may establish
1.13alternative payment rates for easements and practices to establish restored native prairies,
1.14as defined in Minnesota Statutes, section 84.02, subdivision 5, and to protect uplands.
1.15The purchase price paid for acquisition of land, fee, or perpetual easement must be the
1.16fair market value as determined by the board. The board may enter into agreements
1.17with the federal government, other state agencies, political subdivisions, and nonprofit
1.18organizations or fee owners to acquire land and restore and create wetlands and to acquire
1.19existing wetland banking credits. Acquisition of or the conveyance of land may be in the
1.20name of the political subdivision.
1.21 Subd. 2. Bond sale. To provide the money appropriated in this act from the bond
1.22proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.23the state in an amount up to $13,100,000 in the manner, upon the terms, and with the effect
2.1prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
2.2Constitution, article XI, sections 4 to 7.
2.3EFFECTIVE DATE.This section is effective the day following final enactment.
