The bill proposes a capital investment initiative focused on forests and forestry capital projects in Minnesota. It appropriates $18,000,000 from the bond proceeds fund to the commissioner of natural resources specifically for reforestation efforts on state forest lands. This funding will also allow for forest stand improvement and management, including treatments for issues such as the emerald ash borer and spruce budworm, with $8,000,000 allocated for these purposes.

To finance this appropriation, the bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $18,000,000, following the guidelines set forth in Minnesota Statutes and the state constitution. The new legal language introduced in the bill includes definitions related to reforestation and a detailed list of state forest lands, ensuring clarity on the scope of the projects funded by this initiative. The provisions of this bill will take effect the day after it is enacted.