1.1                          A bill for an act 
  1.2             relating to natural resources; creating a forest 
  1.3             management investment fund; amending Minnesota 
  1.4             Statutes 2002, sections 84A.51, subdivision 2; 89.035; 
  1.5             proposing coding for new law in Minnesota Statutes, 
  1.6             chapter 89. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 2002, section 84A.51, 
  1.9   subdivision 2, is amended to read: 
  1.10     Subd. 2.  [FUNDS TRANSFERRED; APPROPRIATED.] Money in any 
  1.11  fund established under section 84A.03, 84A.22, or 84A.32, 
  1.12  subdivision 2, is transferred to the consolidated account, 
  1.13  except as provided in subdivision 3.  The money in the 
  1.14  consolidated account, or as much of it as necessary, is 
  1.15  appropriated for the purposes of sections 84A.52 and 84A.53.  
  1.16  Any remaining balance is transferred to the general forest 
  1.17  management investment fund, created in section 89.04. 
  1.18     Sec. 2.  Minnesota Statutes 2002, section 89.035, is 
  1.19  amended to read: 
  1.20     89.035 [INCOME FROM STATE FOREST LANDS, DISPOSITION.] 
  1.21     All income which may be received from lands acquired by the 
  1.22  state heretofore or hereafter for state forest purposes by gift, 
  1.23  purchase or eminent domain and tax-forfeited lands to which the 
  1.24  county has relinquished its equity to the state for state forest 
  1.25  purposes shall be paid into the state treasury and credited to 
  1.26  the general forest management investment fund, created in 
  2.1   section 89.04, except where the conveyance to and acceptance by 
  2.2   the state of lands for state forest purposes provides for other 
  2.3   disposition of receipts.  
  2.4      Sec. 3.  [89.04] [FOREST MANAGEMENT INVESTMENT FUND.] 
  2.5      Subdivision 1.  [FUND ESTABLISHED; SOURCES.] The forest 
  2.6   management investment fund is created as a special revenue fund 
  2.7   in the state treasury and money in the fund may be spent only 
  2.8   for the purposes provided in subdivision 2.  The following 
  2.9   revenue shall be deposited in the forest management investment 
  2.10  fund: 
  2.11     (1) income from state forest lands as provided in section 
  2.12  89.035; 
  2.13     (2) money transferred from the consolidated conservation 
  2.14  areas account as provided in section 84A.51, subdivision 2; and 
  2.15     (3) interest accruing from investment of the fund. 
  2.16     Subd. 2.  [PURPOSES OF FUND.] Subject to appropriation by 
  2.17  the legislature, money in the forest management investment fund 
  2.18  may be spent by the Department of Natural Resources in 
  2.19  accordance with the forest resource management policy and plan 
  2.20  for any of the following purposes: 
  2.21     (1) reforestation and timber stand improvement, including 
  2.22  forest pest management; 
  2.23     (2) timber sales administration, contract marking of 
  2.24  commercial thinning sales, cultural resource reviews, and other 
  2.25  timber sales costs; and 
  2.26     (3) state forest road maintenance costs that exceed 
  2.27  appropriations under section 89.70. 
  2.28     Sec. 4.  [EFFECTIVE DATE.] 
  2.29     Sections 1 to 3 are effective July 1, 2005.