Bill Text: MN SF1386 | 2013-2014 | 88th Legislature | Introduced


Bill Title: Permanent school fund mineral management account school trust land director costs funding requirement and appropriation

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2013-03-14 - Referred to Finance [SF1386 Detail]

Download: Minnesota-2013-SF1386-Introduced.html

1.1A bill for an act
1.2relating to the permanent school fund; requiring the costs of the school trust
1.3lands director to be paid from the minerals management account; appropriating
1.4money;amending Laws 2012, chapter 249, section 11.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6    Section 1. Laws 2012, chapter 249, section 11, is amended to read:
1.7    Sec. 11. COSTS OF SCHOOL TRUST LANDS DIRECTOR AND
1.8LEGISLATIVE PERMANENT SCHOOL FUND COMMISSION.
1.9(a) The costs of the school trust lands director, including the costs of hiring staff,
1.10and the Legislative Permanent School Fund Commission for fiscal years 2014 and 2015
1.11shall be from the state forest development account under Minnesota Statutes, section
1.1216A.125, and from the minerals management account under Minnesota Statutes, section
1.1393.2236 , as appropriated by the legislature.
1.14(b) The school trust lands director and the Legislative Permanent School Fund
1.15Commission shall submit to the 2014 legislature a proposal to fund the operational costs
1.16of the Legislative Permanent School Fund Commission and school trust lands director
1.17and staff with a cost certification method using revenues generated by the permanent
1.18school fund lands.
1.19EFFECTIVE DATE.This section is effective July 1, 2013.

1.20    Sec. 2. APPROPRIATION.
1.21$....... in fiscal year 2014 and $....... in fiscal year 2015 are appropriated from the
1.22minerals management account under Minnesota Statutes, section 93.2236, to the school
1.23trust lands director.
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