Minnesota § 574.263 - NATURAL RESOURCE DEVELOPMENT PROJECTS
Full text of Minnesota Minnesota Statutes § 574.263 — NATURAL RESOURCE DEVELOPMENT PROJECTS, with citation guidance and answers to common questions.
§ 574.263. NATURAL RESOURCE DEVELOPMENT PROJECTS
Subdivision 1.Definition.
For the purposes of this section and section 574.264, "natural resource development project" includes site preparation by discing, shearing, rock raking or piling, patch scarification, or furrowing; prairie restoration; creation of wildlife openings and other wildlife habitat improvements; landscape clearing; tree planting; tree seeding; tree pruning; timber stand improvement by thinning or clearing existing forest trees by manual, mechanical, or chemical techniques; or construction, reconstruction, and maintenance of Department of Natural Resources trails, public accesses, water control structures, fish barriers, sewage treatment systems, roads, and bridges.
Subd. 2.Contractor's bond.
A contract with the state for a natural resource development project may require a performance bond at the discretion of the commissioner of natural resources. If the commissioner determines that a performance bond is required, it shall not be less than five percent of the contract price.
Subd. 3.Bid deposit in place of performance bond.
For a contract made by the commissioner for a natural resource development project, the commissioner may require a bid deposit in place of a performance bond for charges that may accrue because of doing the specified work and to enforce the terms of the contract. The commissioner may set the amount of the bid deposit, but it may not be less than five percent of the contract price.
Subd. 4.Payment bond.
A contract with the state for a natural resource development project may require a payment bond at the discretion of the commissioner of natural resources. If the commissioner determines that a payment bond is required, the commissioner also has the discretion to decide whether the bond may be in the form of securities in place of a bond as provided in section 574.264. If so, the securities cannot have less value than five percent of the contract price.
History:
1985 c 112 s 3; 1994 c 419 s 4,5; 1999 c 231 s 189
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 574.263
What does Minnesota Statutes § 574.263 cover?
Section 574.263 ("NATURAL RESOURCE DEVELOPMENT PROJECTS") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 574.263?
A common citation format is "Minnesota Statutes § 574.263" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 574.263 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.