Bill Text: MN SF1360 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Reinvest in Minnesota (RIM) conservation reserve bond issue and appropriation
Sponsorship: Bipartisan Bill
Status: (Introduced - Dead) 2011-05-02 - Referred to Capital Investment [SF1360 Detail]
Download: Minnesota-2011-SF1360-Introduced.html
1.2relating to capital investment; appropriating money for RIM Conservation
1.3Reserve; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. RIM CONSERVATION RESERVE.
1.6 Subdivision 1. Appropriation. $20,000,000 is appropriated from the bond proceeds
1.7fund to the Board of Water and Soil Resources to acquire conservation easements from
1.8landowners to restore and protect soil and water resources and related fish and wildlife
1.9habitat, and provide flood retention or attenuation as provided in Minnesota Statutes,
1.10section 103F.515. Of this appropriation, up to ten percent may be used to implement the
1.11program. The board shall, to the extent possible, use this appropriation to leverage federal
1.12conservation or disaster recovery funding and shall give priority consideration to projects
1.13in the Root River and Sauk River watersheds that have federal funding commitments
1.14included in the USDA Mississippi River Basin Initiative (MRBI) and in watersheds that
1.15have known or potential flood damages.
1.16 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.17bond proceeds fund, the commissioner of management and budget shall sell and issue
1.18bonds of the state in an amount up to $20,000,000 in the manner, upon the terms, and with
1.19the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.20Minnesota Constitution, article XI, sections 4 to 7.
1.21EFFECTIVE DATE.This section is effective the day following final enactment.
1.3Reserve; authorizing the sale and issuance of state bonds.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. RIM CONSERVATION RESERVE.
1.6 Subdivision 1. Appropriation. $20,000,000 is appropriated from the bond proceeds
1.7fund to the Board of Water and Soil Resources to acquire conservation easements from
1.8landowners to restore and protect soil and water resources and related fish and wildlife
1.9habitat, and provide flood retention or attenuation as provided in Minnesota Statutes,
1.10section 103F.515. Of this appropriation, up to ten percent may be used to implement the
1.11program. The board shall, to the extent possible, use this appropriation to leverage federal
1.12conservation or disaster recovery funding and shall give priority consideration to projects
1.13in the Root River and Sauk River watersheds that have federal funding commitments
1.14included in the USDA Mississippi River Basin Initiative (MRBI) and in watersheds that
1.15have known or potential flood damages.
1.16 Subd. 2. Bond sale. To provide the money appropriated in this section from the
1.17bond proceeds fund, the commissioner of management and budget shall sell and issue
1.18bonds of the state in an amount up to $20,000,000 in the manner, upon the terms, and with
1.19the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
1.20Minnesota Constitution, article XI, sections 4 to 7.
1.21EFFECTIVE DATE.This section is effective the day following final enactment.
