1.1 	A bill for an act
1.2 	relating to natural resources; exempting certain exchanged land from the 
1.3 	tax-forfeited land assurance fee;amending Laws 2006, chapter 236, article 1, 
1.4 	section 21.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Laws 2006, chapter 236, article 1, section 21, is amended to read:
1.7 	Sec. 21. EXCHANGE OF TAX-FORFEITED LAND; PRIVATE SALE; 
1.8 	ITASCA COUNTY.
 1.9 	(a) For the purpose of a land exchange for use in connection with a proposed 
1.10 	steel mill in Itasca County referenced in Laws 1999, chapter 240, article 1, section 8, 
1.11 	subdivision 3, title examination and approval of the land described in paragraph (b) 
1.12 	shall be undertaken as a condition of exchange of the land for class B land, and shall be 
1.13 	governed by Minnesota Statutes, section 94.344, subdivisions 9 and 10, and the provisions 
1.14 	of this section. Notwithstanding the evidence of title requirements in Minnesota Statutes, 
1.15 	section 94.344, subdivisions 9 and 10, the county attorney shall examine one or more title 
1.16 	reports or title insurance commitments prepared or underwritten by a title insurer licensed 
1.17 	to conduct title insurance business in this state, regardless of whether abstracts were 
1.18 	created or updated in the preparation of the title reports or commitments. The opinion of 
1.19 	the county attorney, and approval by the attorney general, shall be based on those title 
1.20 	reports or commitments.
1.21 	(b) The land subject to this section is located in Itasca County and is described as:
1.22 	(1) Sections 3, 4, 7, 10, 14, 15, 16, 17, 18, 20, 21, 22, 23, 26, 28, and 29, Township 
1.23 	56 North, Range 22 West;
1.24 	(2) Sections 3, 4, 9, 10, 13, and 14, Township 56 North, Range 23 West;
2.1 	(3) Section 30, Township 57 North, Range 22 West; and
2.2 	(4) Sections 25, 26, 34, 35, and 36, Township 57 North, Range 23 West.
2.3 	(c) Riparian land given in exchange by Itasca County for the purpose of the steel 
2.4 	mill referenced in paragraph (a), is exempt from the restrictions imposed by Minnesota 
2.5 	Statutes, section 94.342, subdivision 3.
2.6 	(d) Notwithstanding Minnesota Statutes, sections 92.45 and 282.018, subdivision 1, 
2.7 	and the public sale provisions of Minnesota Statutes, chapter 282, Itasca County may sell, 
2.8 	by private sale, any land received in exchange for the purpose of the steel mill referenced 
2.9 	in paragraph (a), under the remaining provisions of Minnesota Statutes, chapter 282. The 
2.10 	sale must be in a form approved by the attorney general.
2.11 	(e) Notwithstanding Minnesota Statutes, section 284.28, subdivision 8, or any other 
2.12 	law to the contrary, land acquired through an exchange under this section is exempt from 
2.13 	payment of three percent of the sales price required to be collected by the county auditor 
2.14 	at the time of sale for deposit in the state treasury.

2.15 	EFFECTIVE DATE. This section is effective the day following final enactment.