Transfers specific state-owned land in Cloquet Forestry Center to the University of Minnesota and appropriates funds for debt defeasance.

The bill mandates the transfer of certain state-owned land in the Cloquet Forestry Center to the University of Minnesota. The transfer is to be conducted by the commissioner of administration, free of charge, and must be in a form approved by the attorney general. The land, located in Carlton County, is specified in detail within the bill. Additionally, the bill appropriates $1,300,000 from the general fund for fiscal year 2026 to prepay and defease any outstanding state general obligation bonds related to improvements and betterments at the Cloquet Forestry Center.

Transfers specific state-owned land in Cloquet Forestry Center to the University of Minnesota and appropriates funds for debt defeasance.

The bill mandates the transfer of certain state-owned land in the Cloquet Forestry Center to the University of Minnesota. The transfer is to be conducted by the commissioner of administration, free of charge, and must be in a form approved by the attorney general. The land, located in Carlton County, is specified in detail within the bill. Additionally, the bill appropriates $1,300,000 from the general fund for fiscal year 2026 to prepay and defease any outstanding state general obligation bonds related to improvements and betterments at the Cloquet Forestry Center.