1.1 	A bill for an act
1.2 	relating to economic development; redefining
1.3 	low-income area for the purpose of the urban
1.4 	initiative program; providing a sunset date for the
1.5 	Urban Initiative Board; amending Minnesota Statutes
1.6 	2004, section 116M.14, subdivision 4; 116M.15, by
1.7 	adding a subdivision.
1.8 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.9 	Section 1. Minnesota Statutes 2004, section 116M.14,
1.10 	subdivision 4, is amended to read:
1.11 		Subd. 4.Low-income area.  "Low-income area" means:
1.12 	(1) Minneapolis, St. Paul, and ;
1.13 	(2) those cities in the metropolitan area as defined in
1.14 	section 473.121, subdivision 2, that have an average income that
1.15 	is below 80 percent of the median income for a four-person
1.16 	family as of the latest report by the United States Census
1.17 	Bureau; and 
1.18 	(3) those cities in the metropolitan area, which contain
1.19 	two or more contiguous census tracts in which the average family
1.20 	income is less than 80 percent of the median family income for
1.21 	the Twin Cities metropolitan area.

1.22 	Sec. 2. Minnesota Statutes 2004, section 116M.15, is
1.23 	amended by adding a subdivision to read:
1.24 		Subd. 5.Sunset. This section expires on June 30, 2007.