1.1 	A bill for an act
1.2 	relating to Swift County; increasing the size of the board of the rural development 
1.3 	finance authority; amending Laws 1995, chapter 264, article 5, section 39, 
1.4 	subdivision 4.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Laws 1995, chapter 264, article 5, section 39, subdivision 4, is amended to 
1.7 	read:
1.8 	
1.9 	Subd. 4.  Board of directors. (a) The authority consists  of a board of seven nine
1.10 	directors.  The directors shall be appointed  by the Swift county board.  Each director 
1.11 	shall be appointed to  serve for three years or until a successor is appointed and  qualified.  
1.12 	No director may serve more than two consecutive  terms.  The initial appointment of 
1.13 	directors must be made so  that no more than one-third of the directors' positions will  
1.14 	require appointment in any one year due to fulfillment of their  three-year appointment.  
1.15 	The appointment of directors must be  made to reflect representation of the entire county 
1.16 	by  population, appointing one director to represent each of the  five county commissioner 
1.17 	districts.  The other twofour directors  must be representatives of various county-based 
1.18 	economic  development organizations or be directors at-large.  No more  than two three
1.19 	directors may reside in any one county commissioner  district.  
1.20 	
1.21 	(b) Two of the directors initially appointed shall serve  for terms of one year, two 
1.22 	for two years, and three for three  years.  Each vacancy must be filled for the unexpired 
1.23 	term in  the manner in which the original appointment was made.  A  vacancy occurs if 
1.24 	a director no longer resides in the county.  No director shall be an officer, employee, 
2.1 	director,  shareholder, or member of any corporation, firm, or association  with which the 
2.2 	authority has entered into any operating lease,  or other agreement.  The directors may be 
2.3 	removed by the county  for the reasons and in the manner provided under Minnesota  
2.4 	Statutes, section 469.010, and shall receive no compensation  other than reimbursement 
2.5 	for expenses incurred in the  performance of their duties.  Directors shall have no personal  
2.6 	liability for obligations of the authority or the methods of  enforcement and collection 
2.7 	of the obligations.  
2.8 	

2.9 	Sec. 2. EFFECTIVE DATE; LOCAL APPROVAL.
 2.10 	Section 1 is effective the day after the governing body of Swift County and its 
2.11 	chief clerical officer timely complete their compliance with Minnesota Statutes, section 
2.12 	645.021, subdivisions 2 and 3.