HF 1192

1st Engrossment - 80th Legislature (1997 - 1998)

Posted on 12/15/2009 12:00 a.m.

  1.1                          A bill for an act
  1.2             relating to economic development; adding reporting 
  1.3             requirements and restricting aid to local units of 
  1.4             government that do not report; amending Minnesota 
  1.5             Statutes 1996, section 116J.991. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1996, section 116J.991, is 
  1.8   amended to read: 
  1.9      116J.991 [PUBLIC ASSISTANCE TO BUSINESS; WAGE AND JOB 
  1.10  REQUIREMENTS.] 
  1.11     A business that receives state or local government 
  1.12  assistance for economic development or job growth purposes must 
  1.13  create a net increase in jobs in Minnesota within two years of 
  1.14  receiving the assistance. 
  1.15     The government agency providing the assistance must 
  1.16  establish wage level and job creation goals to be met by the 
  1.17  business receiving the assistance.  A business that fails to 
  1.18  meet the goals must repay the assistance to the government 
  1.19  agency. 
  1.20     Each government agency must report the wage and job goals 
  1.21  and the results for each project in achieving those goals to the 
  1.22  department of trade and economic development by March 1 of each 
  1.23  year.  The department shall publish the names of each government 
  1.24  agency that fails to report and notify in writing the 
  1.25  legislators representing the districts containing those 
  2.1   government agencies by April 1.  All aid under section 273.1398 
  2.2   and chapter 477A will be withheld from each government agency 
  2.3   failing to report beginning on May 1 until the report is filed.  
  2.4   The department shall compile and publish the results of the 
  2.5   reports for the previous calendar year by June 1 of each year.  
  2.6   The reports of the agencies to the department and the 
  2.7   compilation report of the department shall be made available to 
  2.8   the public in printed form and electronically. 
  2.9      For the purpose of this section, "assistance" means a grant 
  2.10  or loan in excess of $25,000 or tax increment financing.