MN HF2953

Appropriates $100,000,000 from bond proceeds to the Commissioner of Natural Resources to acquire school trust land through eminent domain proceedings.

Awarded damages from condemnation of school trust land must be deposited into the permanent school fund.

Exempts school trust land valuations from standard appraisal requirements, allowing the commissioner to determine value in consultation with the Permanent School Fund Advisory Committee.

Authorizes the Commissioner of Management and Budget to sell and issue up to $100,000,000 in state bonds to fund the appropriation.

Takes effect the day following final enactment.