Minnesota Legislature
HF 578
as introduced - 89th Legislature (2015 - 2016) Posted on 02/18/2015 12:28pm
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| Introduction | Posted on 02/05/2015 |
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A bill for an act
relating to capital investment; modifying the greater Minnesota business
development public infrastructure grant program; appropriating money;
authorizing the sale and issuance of state bonds; amending Minnesota Statutes
2014, section 116J.431, subdivisions 1, 2, 4, 6.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2014, section 116J.431, subdivision 1, is amended to read:
Subdivision 1.
Grant program established; purpose.
(a) The commissioner
shall make grants to counties or cities to provide deleted text begin up todeleted text end 50 percent of the capital costs of
public infrastructure necessary for an eligible economic development projectnew text begin , unless the
applicant requests a lesser amountnew text end . The county or city receiving a grant must provide for
the remainder of the costs of the project, either in cash or in kind. In-kind contributions
may include the value of site preparation other than the public infrastructure needed
for the project.
(b) The purpose of the grants made under this section is to keep or enhance jobs in
the area, increase the tax base, or to expand or create new economic development.
new text begin
(c) In awarding grants under this section, the commissioner must adhere to the
criteria under subdivision 4.
new text end
Sec. 2.
Minnesota Statutes 2014, section 116J.431, subdivision 2, is amended to read:
Subd. 2.
Eligible projects.
An economic development project for which a county or
city may be eligible to receive a grant under this section includes:
(1) manufacturing;
(2) technology;
(3) warehousing and distribution;
(4) research and development;
(5) agricultural processing, defined as transforming, packaging, sorting, or grading
livestock or livestock products into goods that are used for intermediate or final
consumption, including goods for nonfood use; or
(6) industrial park development that would be used by any other business listed in
this subdivisionnew text begin even if no business has committed to locate in the industrial park at the
time the grant application is madenew text end .
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day following final enactment.
new text end
Sec. 3.
Minnesota Statutes 2014, section 116J.431, subdivision 4, is amended to read:
Subd. 4.
Application.
(a) The commissioner must develop forms and procedures
for soliciting and reviewing applications for grants under this section. At a minimum, a
county or city must include in its application a resolution of the county or city council
certifying that the required local match is available. The commissioner must evaluate
complete applications for eligible projects using the following criteria:
(1) the project is an eligible project as defined under subdivision 2;
(2) the project deleted text begin willdeleted text end new text begin is likely tonew text end result in substantial public and private capital
investment and provide substantial economic benefit to the county or city in which the
project would be located;
(3) the project is not relocating substantially the same operation from another
location in the state, unless the commissioner determines the project cannot be reasonably
accommodated within the county or city in which the business is currently located, or the
business would otherwise relocate to another state; and
(4) the project deleted text begin willdeleted text end new text begin is likely tonew text end create or maintain full-time jobs.
(b) The determination of whether to make a grant for a site is within the discretion of
the commissioner, subject to this section. The commissioner's decisions and application of
the deleted text begin prioritiesdeleted text end new text begin criterianew text end are not subject to judicial review, except for abuse of discretion.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day following final enactment.
new text end
Sec. 4.
Minnesota Statutes 2014, section 116J.431, subdivision 6, is amended to read:
Subd. 6.
Maximum grant amount.
A county or city may receive no more than
deleted text begin $1,000,000deleted text end new text begin $2,000,000new text end in two years for one or more projects.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day following final enactment.
new text end
Sec. 5. new text begin BOND AUTHORIZATION; GREATER MINNESOTA BUSINESS
DEVELOPMENT PUBLIC INFRASTRUCTURE GRANT PROGRAM.
new text end
new text begin Subdivision 1. new text end
new text begin Appropriation. new text end
new text begin
$20,000,000 is appropriated from the bond proceeds
fund to the commissioner of employment and economic development for the greater
Minnesota business development public infrastructure grant program under Minnesota
Statutes, section 116J.431.
new text end
new text begin Subd. 2. new text end
new text begin Bond sale. new text end
new text begin
To provide the money appropriated in this section from the
bond proceeds fund, the commissioner of management and budget shall sell and issue
bonds of the state in an amount up to $20,000,000 in the manner, upon the terms, and with
the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
Minnesota Constitution, article XI, sections 4 to 7.
new text end
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day following final enactment.
new text end