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Office of the Revisor of Statutes

HF 19

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Rtf 
  1.1                          A bill for an act 
  1.2             relating to economic development; providing that a 
  1.3             company must show financial need to qualify for 
  1.4             financial subsidies. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [FINANCIAL SUBSIDY TO FOR-PROFIT ENTITY.] 
  1.7      Notwithstanding any other law to the contrary, a for-profit 
  1.8   entity must show financial need before it can qualify for a 
  1.9   state or local financial subsidy including, but not limited to, 
  1.10  grants, loans, and tax increment financing. 
  1.11     Sec. 2.  [EFFECTIVE DATE.] 
  1.12     Section 1 is effective July 1, 2000.