Certain state-owned land in the Cloquet Forestry Center transferred to the University of Minnesota and defeasance of outstanding debt on certain state bond financed property appropriation
Impact
This bill significantly alters the state’s management of publicly owned land by facilitating the transfer of property to an educational institution, which is expected to enhance opportunities for research and educational programs related to forestry. Additionally, it incorporates an appropriation from the general fund for the fiscal year 2025 aimed at prepaying and defeasing outstanding state bonds associated with improvements at the Cloquet Forestry Center. This action is landscaped within the context of previously established statutes, ensuring that future state obligations related to the property are eliminated.
Summary
Bill SF3986 proposes the transfer of certain state-owned land within the Cloquet Forestry Center to the University of Minnesota. It dictates that the commissioner of administration must convey this land at no cost to the University’s Board of Regents, emphasizing the need for a formal conveyance approved by the attorney general. The proposal pertains to several specific parcels of land located in Carlton County, detailing the exact sections and townships involved in the transfer.
Contention
There may be points of contention surrounding this bill particularly concerning the financial implications of the appropriation for bond defeasance. Stakeholders could express concerns about the allocation of funds from the general fund, questioning whether this is the best use of taxpayer money. Furthermore, the land transfer could invoke discussions regarding public access and the utilization of the land, especially if there are community interests in how this property is managed post-transfer.
Similar To
Cloquet Forestry Center state-owned land transferred to University of Minnesota, defeasance of outstanding debt on state bond financed property funding provided, and money appropriated.
Cloquet Forestry Center state-owned land transferred to University of Minnesota, defeasance of outstanding debt on state bond financed property funding provided, and money appropriated.
State-owned land in the Cloquet Forestry Center transferred to the University of Minnesota, defeasance of outstanding debt on certain state bond financed property funding provided, and money appropriated.
Capital investment; spending authorized to acquire and better public land and buildings and for other improvements of a capital nature, new programs established and existing programs modified, prior appropriations modified and canceled, bonds issued, and money appropriated.
Requirements for conveying easements and leasing state lands modification; state forest and state park modifications; sales and conveyances of certain land authorization
Capital investment; spending authorized to acquire and better public land and buildings, new programs established and existing programs modified, prior appropriations modified, bonds issued, conveyance of state bond-financed property authorized, reports required, and money appropriated.
Easement and state land conveying and leasing requirements modified, state forests added to and deleted from, state parks added to, and sale and conveyance of land authorized.