Section 116P.10 — Royalties, Copyrights, Patents, And Sale Of Products And Assets.
116P.10 ROYALTIES, COPYRIGHTS, PATENTS, AND SALE OF PRODUCTS AND ASSETS. (a) This section applies to projects supported by the trust fund and the oil overcharge money referred to in section 4.071, subdivision 2, each of which is referred to in this section as a “fund.” (b) The fund owns and shall take title to the […]
Section 116P.11 — Availability Of Funds For Disbursement.
116P.11 AVAILABILITY OF FUNDS FOR DISBURSEMENT. (a) The amount annually available from the trust fund for the legislative bill developed by the commission is as defined in the Minnesota Constitution, article XI, section 14. (b) Any appropriated funds not encumbered in the biennium in which they are appropriated cancel and must be credited to the […]
Section 116P.12 — Water System Improvement; Loan Program.
116P.12 WATER SYSTEM IMPROVEMENT; LOAN PROGRAM. Subdivision 1. Loans authorized. (a) If the principal of the trust fund equals or exceeds $200,000,000, the commission may vote to set aside up to five percent of the principal of the trust fund for water system improvement loans. The purpose of water system improvement loans is to offer […]
Section 116P.15 — Land Acquisition; Restrictions.
116P.15 LAND ACQUISITION; RESTRICTIONS. Subdivision 1. Scope. A recipient of an appropriation from the trust fund or the Minnesota future resources fund who acquires an interest in real property with the appropriation must comply with this section. For the purposes of this section, “interest in real property” includes, but is not limited to, an easement […]
Section 116P.01 — Findings.
116P.01 FINDINGS. The legislature finds that all Minnesotans share the responsibility to ensure wise stewardship of the state’s environment and natural resources for the benefit of current citizens and future generations. Proper management of the state’s environment and natural resources includes and requires foresight, planning, and long-term activities that allow the state to preserve its […]
Section 116P.02 — Definitions.
116P.02 DEFINITIONS. Subdivision 1. Applicability. The definitions in this section apply to this chapter. Subd. 2. [Repealed, 2006 c 243 s 22] Subd. 3. Board. “Board” means the State Board of Investment. Subd. 4. Commission. “Commission” means the Legislative-Citizen Commission on Minnesota Resources. Subd. 5. Natural resources. “Natural resources” includes the outdoor recreation system under […]
Section 116P.03 — Trust Fund Not To Supplant Existing Funding; Appropriations.
116P.03 TRUST FUND NOT TO SUPPLANT EXISTING FUNDING; APPROPRIATIONS. (a) The trust fund may not be used as a substitute for traditional sources of funding environmental and natural resources activities, but the trust fund shall supplement the traditional sources, including those sources used to support the criteria in section 116P.08, subdivision 1. The trust fund […]
Section 116P.04 — Trust Fund Account.
116P.04 TRUST FUND ACCOUNT. Subdivision 1. Establishment; investment. A Minnesota environment and natural resources trust fund, under article XI, section 14, of the Minnesota Constitution, is established as an account in the state treasury. The commissioner of management and budget shall credit to the trust fund the amounts authorized under this section and section 116P.10. […]
Section 116P.05 — Legislative-citizen Commission On Minnesota Resources.
116P.05 LEGISLATIVE-CITIZEN COMMISSION ON MINNESOTA RESOURCES. Subdivision 1. Membership. (a) A Legislative-Citizen Commission on Minnesota Resources of 17 members is created in the legislative branch, consisting of the chairs of the house of representatives and senate committees on environment and natural resources finance or designees appointed for the terms of the chairs, four members of […]