Bill Text: MN HF2355 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Reinvest in Minnesota (RIM) conservation reserve funding provided, bonds issued, and money appropriated.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-02-25 - Introduction and first reading, referred to Environment, Natural Resources and Agriculture Finance [HF2355 Detail]
Download: Minnesota-2013-HF2355-Introduced.html
1.2relating to capital investment; appropriating money for RIM reserve; authorizing
1.3the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. REINVEST IN MINNESOTA (RIM) RESERVE.
1.6 Subdivision 1. Appropriation. $7,840,000 is appropriated from the bond proceeds
1.7fund to the Board of Water and Soil Resources for the Reinvest in Minnesota reserve
1.8program under Minnesota Statutes, section 103F.515, to acquire conservation easements
1.9from landowners to preserve, restore, create, and enhance wetlands; restore and enhance
1.10rivers and streams, riparian lands, and associated uplands in order to protect soil and
1.11water quality; support fish and wildlife habitat; reduce flood damage; and provide other
1.12public benefits.
1.13 Subd. 2. Bond sale. To provide the money appropriated in subdivision 1 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 $7,840,000 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.
1.3the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. REINVEST IN MINNESOTA (RIM) RESERVE.
1.6 Subdivision 1. Appropriation. $7,840,000 is appropriated from the bond proceeds
1.7fund to the Board of Water and Soil Resources for the Reinvest in Minnesota reserve
1.8program under Minnesota Statutes, section 103F.515, to acquire conservation easements
1.9from landowners to preserve, restore, create, and enhance wetlands; restore and enhance
1.10rivers and streams, riparian lands, and associated uplands in order to protect soil and
1.11water quality; support fish and wildlife habitat; reduce flood damage; and provide other
1.12public benefits.
1.13 Subd. 2. Bond sale. To provide the money appropriated in subdivision 1 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 $7,840,000 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.
