as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to historic preservation; creating a historical preservation revolving
loan fund; appropriating money.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$2,000,000 is appropriated in fiscal year 2007 from the general fund to the
Minnesota Historical Society for the creation of a historical preservation revolving loan
fund to provide zero-interest loans to county and local historical societies for the repair,
restoration, and preservation of historic sites and buildings in Minnesota. The Minnesota
Historical Society shall manage and administer the historical preservation revolving loan
fund and determine the loan terms. The fund must be credited with investment income
and with repayments of principal. This is a onetime appropriation and is available until
expended.
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This section is effective the day following final enactment.
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