HF 822

1st Engrossment - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to economic development; requiring a neighborhood revitalization policy
board to study and report on continued needs for funding.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin CONTINUED NEIGHBORHOOD REVITALIZATION FUNDING
REPORT.
new text end

new text begin The neighborhood revitalization policy board established under Minnesota
Statutes, section 469.1831, subdivision 6, paragraph (c), must evaluate the need for
continued funding for the neighborhood revitalization program and prepare a report with
recommendations to continue funding the program and continue providing investment
in Minneapolis neighborhoods beyond 2009. By October 15, 2007, the report must
be presented to the committees of the legislature responsible for the neighborhood
revitalization program and must provide specific recommendations for legislative actions
based on a commitment from the common project or other sources of at least $400,000,000
for the neighborhood revitalization program between 1990 and 2029. Revenue sources for
the neighborhood revitalization program must not include any interest earned on funds
appropriated for the implementation of an adopted neighborhood action plan.
new text end