(a) The minerals management account is created as an account in the natural resources fund. Interest earned on money in the account accrues to the account. Money in the account may be spent or distributed only as provided in paragraphs (b) and (c).
(b) If the balance in the minerals management account exceeds $3,000,000 on March 31, June 30, September 30, or December 31, the amount exceeding $3,000,000 must be distributed to the permanent school fund, the permanent university fund, and taxing districts as provided in section 93.22, subdivision 1, paragraph (c). The amount distributed to each fund must be in the same proportion as the total mineral lease revenue received in the previous biennium from school trust lands, university lands, and lands held by the state in trust for taxing districts.
(c) Subject to appropriation by the legislature, money in the minerals management account may be spent by the commissioner of natural resources for mineral resource management and projects to enhance future mineral income and promote new mineral resource opportunities.
1Sp2005 c 1 art 2 s 77; 2012 c 272 s 23; 2016 c 189 art 3 s 32
Structure Minnesota Statutes
Chapters 92 - 94 — Lands And Minerals
Section 93.001 — Policy For Mineral Development.
Section 93.0015 — Mineral Coordinating Committee.
Section 93.003 — Iron Mining; Conditions.
Section 93.01 — Reservation Of Minerals And Water Powers.
Section 93.02 — Instruments Transferring Interest; Reservation.
Section 93.03 — Patent Under Land Grant To Railroad; Reservation.
Section 93.04 — Disposition Of Minerals Reserved.
Section 93.05 — Holder Of Lease.
Section 93.055 — Action To Quiet Title To Lands Covered By Mineral Lease.
Section 93.06 — Reservation Of Minerals Under Navigable Lakes.
Section 93.14 — Leases To Prospect For Ores.
Section 93.15 — Mining Units; Designation.
Section 93.16 — Leases; Sale And Notice.
Section 93.17 — Application For Leases; Bids; Awards.
Section 93.171 — Eligibility And Performance.
Section 93.1925 — Negotiated Leases.
Section 93.193 — Taconite Iron Ore Mining Lease; Extension.
Section 93.20 — Form Of Lease; Required Content; Modification.
Section 93.201 — Royalties For Taconite Concentrates.
Section 93.21 — Execution Of Lease.
Section 93.22 — Disposition Of Payments.
Section 93.222 — Taconite Iron Ore Special Advance Royalty Account.
Section 93.2235 — Taconite Mining Grants; Appropriations.
Section 93.2236 — Minerals Management Account.
Section 93.245 — Mining Minerals Other Than Iron Ore.
Section 93.25 — Ores Other Than Iron; Leases.
Section 93.26 — Leases To Be Filed.
Section 93.27 — Assignments, Agreements, Or Contracts Affecting Leases; Filing.
Section 93.28 — Approval Of Instruments.
Section 93.285 — Stockpiled Iron Ore.
Section 93.33 — Leasing Surface Of Land.
Section 93.335 — Lands Held In Trust; Mineral Rights Only; Mineral Rights Acquired Under Tax Laws.
Section 93.34 — Draining Public Waters.
Section 93.41 — State-owned Iron-bearing Materials.
Section 93.43 — Leases To Nonferrous Metallic Minerals Producers.
Section 93.44 — Declaration Of Policy.
Section 93.45 — Iron Range Trail.
Section 93.461 — Peat Included In Mine Land Reclamation.
Section 93.47 — Duties And Authority Of Commissioner.
Section 93.481 — Permit To Mine.
Section 93.482 — Reclamation Fees.
Section 93.483 — Contested Case.
Section 93.49 — Financial Assurance Of Operator.
Section 93.51 — Penalties For Violation.
Section 93.515 — Oil And Gas Wells; Rules Relating To Spacing, Pooling, And Unitization.
Section 93.52 — Ownership Of Severed Mineral Interests.
Section 93.55 — Forfeiture Of Severed Mineral Interest.
Section 93.551 — Validation Of Certain Statements; Correction Of Certain Errors.