Creating Northern Technology Initiative, Inc. as a public corporation and regional economic initiative of counties, cities, economic development groups, state and federal agencies, colleges and businesses to engage in an integrated jointly planned economic development effort; initial project area to include Carlton, Chisago, Isanti, Kanabec and Pine counties; providing for governance by a board of directors; classifying application and investigative data and providing for the management of records; prohibiting certain conflicts of interest; requiring the board to appoint and set the compensation for the executive director; providing for the status of employees, officers and directors; specifying certain powers and duties of the corporation; subjecting the corporation to audits by the legislative auditor; providing for dissolution of the corporation (mk)