The bill seeks to enhance funding for the state park system by amending existing laws related to the treasury income account. It introduces new provisions that allocate earnings from this account to the newly established state parks renewal and stewardship account, winter recreational program account, and snowmobile account. The bill clarifies the management and distribution of earnings, ensuring that all earnings from investments of surplus balances in the state treasury are deposited into the treasury income account, which will also support federal program funds and banking services. Notably, it emphasizes that no appropriation is required for certain transactions, streamlining financial processes. Additionally, the bill amends laws regarding the management and disposal of surplus lands owned by the state parks and recreation commission. It mandates that any land proposed for transfer must include a reversionary clause to ensure it is used for outdoor recreation, and establishes a parkland acquisition account under the custody of the state treasurer. The bill removes legislative appropriation requirements for expenditures from this account, allowing only the director of the state parks and recreation commission to authorize expenditures. It also sets expiration dates for various sections, with some provisions taking effect on July 1, 2024, and others on July 1, 2028, and 2030, aiming to streamline the management of surplus lands and enhance property acquisition for state parks.

Statutes affected:
Original Bill: 79A.05.170
Substitute Bill: 79A.05.170