<a id="pl.1.3"></a><var>1.3</var>appropriations for activities or programs of Department of Commerce; modifying <br/>
<a id="pl.1.4"></a><var>1.4</var>provisions relating to continuing education for certain licensed occupations, <br/>
<a id="pl.1.5"></a><var>1.5</var>securities transaction exemptions, and mortgages;amending Minnesota Statutes <br/>
<a id="pl.1.6"></a><var>1.6</var>2008, sections 80A.46; 80A.65, subdivision 1; Minnesota Statutes 2009 <br/>
<a id="pl.1.7"></a><var>1.7</var>Supplement, section 45.30, subdivision 6; Laws 2009, chapter 37, article 2, <br/>
<a id="pl.1.8"></a><var>1.8</var>section 13.<br/>
<a id="pl.1.9"></a><var>1.9</var>BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:<br/>
<br/>
<a id="bill.0.1.0"></a><table>
<col width="50px"/>
<col width="21.5"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<tr>
<td><a id="pl.1.10"></a><var>1.10</var><br/>
</td>
<td colspan="7">Section 1. <b> SUMMARY OF APPROPRIATIONS.</b><br/>
</td>
</tr>
</table><a id="pl.1.11"></a><var>1.11</var>The amounts in this section summarize direct appropriations, or reductions in <br/>
<a id="pl.1.12"></a><var>1.12</var>appropriations, by fund, made in this act.<br/>
<table>
<col width="50px"/>
<col width="21.5"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<tr>
<td><a id="pl.1.13"></a><var>1.13</var><br/>
</td>
<td></td>
<td></td>
<td align="center"><b>2010</b><br/>
</td>
<td></td>
<td align="center"><b>2011</b><br/>
</td>
<td></td>
<td align="center"><b>Total</b><br/>
</td>
</tr>
<tr>
<td><a id="pl.1.14"></a><var>1.14</var><br/>
</td>
<td>General<br/>
</td>
<td align="center">$<br/>
</td>
<td align="right">(40,000)<br/>
</td>
<td align="center">$<br/>
</td>
<td align="right">(322,000)<br/>
</td>
<td align="center">$<br/>
</td>
<td align="right">(362,000)<br/>
</td>
</tr>
<tr>
<td><a id="pl.1.15"></a><var>1.15</var><br/>
</td>
<td>Petroleum Tank Cleanup<br/>
</td>
<td align="center"></td>
<td align="right">(25,000)<br/>
</td>
<td align="center"></td>
<td align="right">(32,000)<br/>
</td>
<td align="center"></td>
<td align="right">(57,000)<br/>
</td>
</tr>
<tr>
<td><a id="pl.1.16"></a><var>1.16</var><br/>
</td>
<td>Special Revenue<br/>
</td>
<td align="center"></td>
<td align="right">(139,000)<br/>
</td>
<td align="center"></td>
<td align="right">(38,000)<br/>
</td>
<td align="center"></td>
<td align="right">(177,000)<br/>
</td>
</tr>
<tr>
<td><a id="pl.1.17"></a><var>1.17</var><br/>
</td>
<td><b>Total</b><br/>
</td>
<td align="center"><b>$</b><br/>
</td>
<td align="right"><b>(204,000)</b><br/>
</td>
<td align="center"><b>$</b><br/>
</td>
<td align="right"><b>(392,000)</b><br/>
</td>
<td align="center"><b>$</b><br/>
</td>
<td align="right"><b>(596,000)</b><br/>
</td>
</tr>
</table><br/>
<a id="bill.0.2.0"></a><table>
<col width="50px"/>
<col width="21.5"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<tr>
<td><a id="pl.1.18"></a><var>1.18</var><br/>
</td>
<td colspan="7">Sec. 2. <b>APPROPRIATIONS.</b><b> </b><br/>
</td>
</tr>
</table><a id="pl.1.19"></a><var>1.19</var>The dollar amounts in the columns under "Appropriations" are added to or, if shown <br/>
<a id="pl.1.20"></a><var>1.20</var>in parentheses, subtracted from appropriations enacted in Laws 2009, chapter 37, article <br/>
<a id="pl.1.21"></a><var>1.21</var>2, unless otherwise stated. The appropriations and reductions in appropriations are from <br/>
<a id="pl.1.22"></a><var>1.22</var>the general fund, or another named fund, and are for the fiscal years indicated for each <br/>
<a id="pl.1.23"></a><var>1.23</var>purpose. The figures "2010" and "2011" mean that the appropriations or reductions in <br/>
<a id="pl.1.24"></a><var>1.24</var>appropriations listed under them are for the fiscal year ending June 30, 2010, or June <br/>
<a id="pl.1.25"></a><var>1.25</var>30, 2011, respectively. The "first year" is fiscal year 2010. The "second year" is fiscal <br/>
<a id="pl.1.26"></a><var>1.26</var>year 2011. "The biennium" is fiscal years 2010 and 2011. Appropriations, reductions in <br/>
<a id="pl.2.1"></a><var>2.1</var>appropriations, cancellations of appropriations, and transfers of appropriations for the <br/>
<a id="pl.2.2"></a><var>2.2</var>fiscal year ending June 30, 2010, are effective the day following final enactment.<br/>
<table>
<col width="50px"/>
<col width="21.5"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<tr>
<td><a id="pl.2.3"></a><var>2.3</var><br/>
</td>
<td></td>
<td></td>
<td></td>
<td align="center" colspan="4"><b>APPROPRIATIONS</b><br/>
</td>
</tr>
<tr>
<td><a id="pl.2.4"></a><var>2.4</var><br/>
</td>
<td></td>
<td></td>
<td></td>
<td align="center" colspan="4"><b>Available for the Year</b><br/>
</td>
</tr>
<tr>
<td><a id="pl.2.5"></a><var>2.5</var><br/>
</td>
<td></td>
<td></td>
<td></td>
<td align="center" colspan="4"><b>Ending June 30</b><br/>
</td>
</tr>
<tr>
<td><a id="pl.2.6"></a><var>2.6</var><br/>
</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td align="center"><b>2010</b><br/>
</td>
<td></td>
<td align="center"><b>2011</b><br/>
</td>
</tr>
</table><br/>
<a id="bill.0.3.0"></a><table>
<col width="50px"/>
<col width="21.5"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<tr>
<td><a id="pl.2.7"></a><var>2.7</var><br/>
</td>
<td colspan="3">Sec. 3. <b>DEPARTMENT OF COMMERCE</b><br/>
</td>
<td align="center"></td>
<td align="right"></td>
<td align="center"></td>
<td align="right"></td>
</tr>
</table>
<table>
<col width="50px"/>
<col width="21.5"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<tr>
<td><a id="pl.2.8"></a><var>2.8</var><br/>
</td>
<td colspan="3">Subdivision 1.<b>Total Appropriation</b><br/>
</td>
<td align="center"><b>$</b><br/>
</td>
<td align="right"><b>(204,000)</b><br/>
</td>
<td align="center"><b>$</b><br/>
</td>
<td align="right"><b>(392,000)</b><br/>
</td>
</tr>
</table>
<table>
<col width="50px"/>
<col width="126px"/>
<col width="95px"/>
<col width="96px"/>
<tr>
<td><a id="pl.2.9"></a><var>2.9</var><br/>
</td>
<td align="center" colspan="3">Appropriations by Fund<br/>
</td>
</tr>
<tr>
<td><a id="pl.2.10"></a><var>2.10</var><br/>
</td>
<td></td>
<td align="center">2010<br/>
</td>
<td align="center">2011<br/>
</td>
</tr>
<tr>
<td><a id="pl.2.11"></a><var>2.11</var><br/>
</td>
<td>General<br/>
</td>
<td align="right">(40,000)<br/>
</td>
<td align="right">(322,000)<br/>
</td>
</tr>
<tr>
<td><a id="pl.2.12"></a><var>2.12</var><br/>
<a id="pl.2.13"></a><var>2.13</var><br/>
</td>
<td>Petroleum Tank <br/>
Release Cleanup<br/>
</td>
<td align="right">(25,000)<br/>
</td>
<td align="right">(32,000)<br/>
</td>
</tr>
<tr>
<td><a id="pl.2.14"></a><var>2.14</var><br/>
</td>
<td>Special Revenue<br/>
</td>
<td align="right">(139,000)<br/>
</td>
<td align="right">(38,000)<br/>
</td>
</tr>
</table><a id="pl.2.15"></a><var>2.15</var>The amounts that may be spent for each <br/>
<a id="pl.2.16"></a><var>2.16</var>purpose are specified in the following <br/>
<a id="pl.2.17"></a><var>2.17</var>subdivisions.<br/>
<table>
<col width="50px"/>
<col width="21.5"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<tr>
<td><a id="pl.2.18"></a><var>2.18</var><br/>
</td>
<td colspan="3">Subd. 2.<b>Administrative Services</b><br/>
</td>
<td align="center"></td>
<td align="right">(66,000)<br/>
</td>
<td align="center"></td>
<td align="right">(126,000)<br/>
</td>
</tr>
</table>
<table>
<col width="50px"/>
<col width="21.5"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<tr>
<td><a id="pl.2.19"></a><var>2.19</var><br/>
</td>
<td colspan="3">Subd. 3.<b>Market Assurance</b><br/>
</td>
<td align="center"></td>
<td align="right">(124,000)<br/>
</td>
<td align="center"></td>
<td align="right">(196,000)<br/>
</td>
</tr>
</table>
<table>
<col width="50px"/>
<col width="21.5"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<tr>
<td><a id="pl.2.20"></a><var>2.20</var><br/>
</td>
<td colspan="3">Subd. 4.<b>Financial Institutions</b><br/>
</td>
<td align="center"></td>
<td align="right">400,000<br/>
</td>
<td align="center"></td>
<td align="right"></td>
</tr>
</table><a id="pl.2.21"></a><var>2.21</var>$400,000 the first year is a onetime <br/>
<a id="pl.2.22"></a><var>2.22</var>appropriation for accessing the national <br/>
<a id="pl.2.23"></a><var>2.23</var>mortgage licensing system (NMLS) as <br/>
<a id="pl.2.24"></a><var>2.24</var>required by the federal Secure and Fair <br/>
<a id="pl.2.25"></a><var>2.25</var>Enforcement (SAFE) for Mortgage Licensing <br/>
<a id="pl.2.26"></a><var>2.26</var>Act, United States Code, title 12, chapter 51.<br/>
<table>
<col width="50px"/>
<col width="21.5"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<tr>
<td><a id="pl.2.27"></a><var>2.27</var><br/>
<a id="pl.2.28"></a><var>2.28</var><br/>
</td>
<td colspan="3">Subd. 5.<b>Petroleum Tank Release Cleanup </b><br/>
<b>Board</b><br/>
</td>
<td align="center"></td>
<td align="right">(25,000)<br/>
</td>
<td align="center"></td>
<td align="right">(32,000)<br/>
</td>
</tr>
</table><a id="pl.2.29"></a><var>2.29</var>These reductions are from the petroleum tank <br/>
<a id="pl.2.30"></a><var>2.30</var>release cleanup fund.<br/>
<table>
<col width="50px"/>
<col width="21.5"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<tr>
<td><a id="pl.2.31"></a><var>2.31</var><br/>
</td>
<td colspan="3">Subd. 6.<b>Office of Energy Security</b><br/>
</td>
<td align="center"></td>
<td align="right">(389,000)<br/>
</td>
<td align="center"></td>
<td align="right">(38,000)<br/>
</td>
</tr>
</table>
<table>
<col width="50px"/>
<col width="126px"/>
<col width="96px"/>
<col width="96px"/>
<tr>
<td><a id="pl.2.32"></a><var>2.32</var><br/>
</td>
<td align="center" colspan="3">Appropriations by Fund<br/>
</td>
</tr>
<tr>
<td><a id="pl.2.33"></a><var>2.33</var><br/>
</td>
<td></td>
<td align="right">2010<br/>
</td>
<td align="right">2011<br/>
</td>
</tr>
<tr>
<td><a id="pl.2.34"></a><var>2.34</var><br/>
</td>
<td>General<br/>
</td>
<td align="right">(250,000)<br/>
</td>
<td align="right">-0-<br/>
</td>
</tr>
<tr>
<td><a id="pl.2.35"></a><var>2.35</var><br/>
</td>
<td>Special Revenue<br/>
</td>
<td align="right">(139,000)<br/>
</td>
<td align="right">(38,000)<br/>
</td>
</tr>
</table><a id="pl.3.1"></a><var>3.1</var>(a) $250,000 the first year is a reduction in <br/>
<a id="pl.3.2"></a><var>3.2</var>the appropriation for E85 cost-share grants.<br/>
<a id="pl.3.3"></a><var>3.3</var>(b) $18,000 the first year is a reduction in <br/>
<a id="pl.3.4"></a><var>3.4</var>the grant to the Board of Regents of the <br/>
<a id="pl.3.5"></a><var>3.5</var>University of Minnesota for the Natural <br/>
<a id="pl.3.6"></a><var>3.6</var>Resources and Research Institute at the <br/>
<a id="pl.3.7"></a><var>3.7</var>University of Minnesota, Duluth, to develop <br/>
<a id="pl.3.8"></a><var>3.8</var>statewide heat flow maps. This reduction <br/>
<a id="pl.3.9"></a><var>3.9</var>is from the appropriation from the special <br/>
<a id="pl.3.10"></a><var>3.10</var>revenue fund.<br/>
<a id="pl.3.11"></a><var>3.11</var>(c) $31,000 the first year and $38,000 the <br/>
<a id="pl.3.12"></a><var>3.12</var>second year are reductions in funding of <br/>
<a id="pl.3.13"></a><var>3.13</var>community energy technical assistance <br/>
<a id="pl.3.14"></a><var>3.14</var>and outreach on renewable energy and <br/>
<a id="pl.3.15"></a><var>3.15</var>energy efficiency, as described in Minnesota <br/>
<a id="pl.3.16"></a><var>3.16</var>Statutes, section 216C.385. These reductions <br/>
<a id="pl.3.17"></a><var>3.17</var>are from the appropriations from the special <br/>
<a id="pl.3.18"></a><var>3.18</var>revenue fund.<br/>
<a id="pl.3.19"></a><var>3.19</var>(d) $90,000 the first year is a reduction in <br/>
<a id="pl.3.20"></a><var>3.20</var>the grant to the Board of Trustees of the <br/>
<a id="pl.3.21"></a><var>3.21</var>Minnesota State Colleges and Universities <br/>
<a id="pl.3.22"></a><var>3.22</var>for the International Renewable Energy <br/>
<a id="pl.3.23"></a><var>3.23</var>Technology Institute (IRETI). This reduction <br/>
<a id="pl.3.24"></a><var>3.24</var>is from the appropriation from the special <br/>
<a id="pl.3.25"></a><var>3.25</var>revenue fund. <br/>
<br/>
<a id="bill.0.4.0"></a><table>
<col width="50px"/>
<col width="21.5"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<tr>
<td><a id="pl.3.26"></a><var>3.26</var><br/>
<a id="pl.3.27"></a><var>3.27</var><br/>
</td>
<td colspan="3">Sec. 4. <b>CANCELLATIONS; GENERAL </b><br/>
<b>FUND</b><br/>
</td>
<td align="center"></td>
<td align="right"></td>
<td align="center"></td>
<td align="right"></td>
</tr>
</table><a id="pl.3.28"></a><var>3.28</var>(a) Of the unexpended balance from previous <br/>
<a id="pl.3.29"></a><var>3.29</var>appropriations from the general fund to <br/>
<a id="pl.3.30"></a><var>3.30</var>the commissioner of commerce for E85 <br/>
<a id="pl.3.31"></a><var>3.31</var>cost-share grants, $350,000 is canceled.<br/>
<a id="pl.3.32"></a><var>3.32</var>(b) Of the unexpended balance from the <br/>
<a id="pl.3.33"></a><var>3.33</var>appropriation from the general fund to <br/>
<a id="pl.3.34"></a><var>3.34</var>the commissioner of commerce for the <br/>
<a id="pl.3.35"></a><var>3.35</var>renewable hydrogen initiative in Minnesota <br/>
<a id="pl.4.1"></a><var>4.1</var>Statutes, section 216B.813, $550,000 is <br/>
<a id="pl.4.2"></a><var>4.2</var>canceled.<br/>
<br/>
<a id="bill.0.5.0"></a><table>
<col width="50px"/>
<col width="21.5"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<tr>
<td><a id="pl.4.3"></a><var>4.3</var><br/>
<a id="pl.4.4"></a><var>4.4</var><br/>
</td>
<td colspan="3">Sec. 5. <b>CANCELLATIONS; SPECIAL </b><br/>
<b>REVENUE FUND</b><br/>
</td>
<td align="center"></td>
<td align="right"></td>
<td align="center"></td>
<td align="right"></td>
</tr>
</table><a id="pl.4.5"></a><var>4.5</var>(a) Of the unexpended balance from the <br/>
<a id="pl.4.6"></a><var>4.6</var>appropriation from the special revenue <br/>
<a id="pl.4.7"></a><var>4.7</var>fund to the commissioner of commerce in <br/>
<a id="pl.4.8"></a><var>4.8</var>Laws 2007, chapter 57, article 2, section 3, <br/>
<a id="pl.4.9"></a><var>4.9</var>subdivision 6, for biogas recovery grants, <br/>
<a id="pl.4.10"></a><var>4.10</var>$250,000 is canceled.<br/>
<a id="pl.4.11"></a><var>4.11</var>(b) Of the unexpended balance from the <br/>
<a id="pl.4.12"></a><var>4.12</var>appropriation from the special revenue <br/>
<a id="pl.4.13"></a><var>4.13</var>fund to the commissioner of commerce in <br/>
<a id="pl.4.14"></a><var>4.14</var>Laws 2007, chapter 57, article 2, section <br/>
<a id="pl.4.15"></a><var>4.15</var>3, subdivision 6, for automotive research <br/>
<a id="pl.4.16"></a><var>4.16</var>grants, $39,000 is canceled.<br/>
<a id="pl.4.17"></a><var>4.17</var>(c) Of the unexpended balance from the <br/>
<a id="pl.4.18"></a><var>4.18</var>appropriation from the special revenue <br/>
<a id="pl.4.19"></a><var>4.19</var>fund to the commissioner of commerce in <br/>
<a id="pl.4.20"></a><var>4.20</var>Laws 2007, chapter 57, article 2, section 3, <br/>
<a id="pl.4.21"></a><var>4.21</var>subdivision 6, for the hydrogen road map, <br/>
<a id="pl.4.22"></a><var>4.22</var>$50,000 is canceled.<br/>
<a id="pl.4.23"></a><var>4.23</var>(d) Of the unexpended balance from the <br/>
<a id="pl.4.24"></a><var>4.24</var>appropriation from the special revenue <br/>
<a id="pl.4.25"></a><var>4.25</var>fund to the commissioner of commerce in <br/>
<a id="pl.4.26"></a><var>4.26</var>Laws 2007, chapter 57, article 2, section 3, <br/>
<a id="pl.4.27"></a><var>4.27</var>subdivision 6, for renewable energy grants, <br/>
<a id="pl.4.28"></a><var>4.28</var>$40,000 is canceled.<br/>
<a id="pl.4.29"></a><var>4.29</var>(e) Of the unexpended balance from the <br/>
<a id="pl.4.30"></a><var>4.30</var>appropriation from the special revenue <br/>
<a id="pl.4.31"></a><var>4.31</var>fund to the commissioner of commerce in <br/>
<a id="pl.4.32"></a><var>4.32</var>Laws 2008, chapter 363, article 6, section <br/>
<a id="pl.4.33"></a><var>4.33</var>3, subdivision 4, for green economy and <br/>
<a id="pl.4.34"></a><var>4.34</var>manufacturing, $8,000 is canceled.<br/>
<a id="pl.5.1"></a><var>5.1</var>(f) Of the unexpended balance from the <br/>
<a id="pl.5.2"></a><var>5.2</var>appropriation from the special revenue fund <br/>
<a id="pl.5.3"></a><var>5.3</var>to the commissioner of commerce in Laws <br/>
<a id="pl.5.4"></a><var>5.4</var>2008, chapter 340, section 5, for studies <br/>
<a id="pl.5.5"></a><var>5.5</var>and activities associated with the legislative <br/>
<a id="pl.5.6"></a><var>5.6</var>greenhouse gas accord advisory group, <br/>
<a id="pl.5.7"></a><var>5.7</var>$13,000 is canceled.<br/>
<br/>
<a id="bill.0.6.0"></a><table>
<col width="50px"/>
<col width="21.5"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<tr>
<td><a id="pl.5.8"></a><var>5.8</var><br/>
<a id="pl.5.9"></a><var>5.9</var><br/>
</td>
<td colspan="3">Sec. 6. <b>TRANSFER; PETROLEUM TANK </b><br/>
<b>RELEASE CLEANUP FUND</b><br/>
</td>
<td align="center"></td>
<td align="right"></td>
<td align="center"></td>
<td align="right"></td>
</tr>
</table><a id="pl.5.10"></a><var>5.10</var>Before June 30, 2010, the commissioner <br/>
<a id="pl.5.11"></a><var>5.11</var>of management and budget shall transfer <br/>
<a id="pl.5.12"></a><var>5.12</var>$1,969,000 to the general fund. After July <br/>
<a id="pl.5.13"></a><var>5.13</var>1, 2010, and before June 30, 2011, the <br/>
<a id="pl.5.14"></a><var>5.14</var>commissioner of management and budget <br/>
<a id="pl.5.15"></a><var>5.15</var>shall transfer $1,032,000 to the general <br/>
<a id="pl.5.16"></a><var>5.16</var>fund. These transfers are from the petroleum <br/>
<a id="pl.5.17"></a><var>5.17</var>tank release cleanup fund established in <br/>
<a id="pl.5.18"></a><var>5.18</var>Minnesota Statutes, chapter 115C.<br/>
<br/>
<a id="bill.0.7.0"></a><table>
<col width="50px"/>
<col width="21.5"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<tr>
<td><a id="pl.5.19"></a><var>5.19</var><br/>
<a id="pl.5.20"></a><var>5.20</var><br/>
</td>
<td colspan="3">Sec. 7. <b>TRANSFERS; SPECIAL REVENUE </b><br/>
<b>FUND</b><br/>
</td>
<td align="center"></td>
<td align="right"></td>
<td align="center"></td>
<td align="right"></td>
</tr>
</table><a id="pl.5.21"></a><var>5.21</var>(a) For the purposes of this section, <br/>
<a id="pl.5.22"></a><var>5.22</var>"commissioner" means the commissioner of <br/>
<a id="pl.5.23"></a><var>5.23</var>management and budget.<br/>
<a id="pl.5.24"></a><var>5.24</var>(b) In the first year, the commissioner <br/>
<a id="pl.5.25"></a><var>5.25</var>shall transfer $2,991,000 from the special <br/>
<a id="pl.5.26"></a><var>5.26</var>revenue fund to the general fund. In the <br/>
<a id="pl.5.27"></a><var>5.27</var>second year, the commissioner shall transfer <br/>
<a id="pl.5.28"></a><var>5.28</var>$2,027,000 from the special revenue fund to <br/>
<a id="pl.5.29"></a><var>5.29</var>the general fund. The transfers must be from <br/>
<a id="pl.5.30"></a><var>5.30</var>the following appropriation reductions and <br/>
<a id="pl.5.31"></a><var>5.31</var>accounts within the special revenue fund:<br/>
<a id="pl.5.32"></a><var>5.32</var>(1) $539,000 the first year and $38,000 the <br/>
<a id="pl.5.33"></a><var>5.33</var>second year are from the special revenue fund <br/>
<a id="pl.6.1"></a><var>6.1</var>appropriations reductions and cancellations <br/>
<a id="pl.6.2"></a><var>6.2</var>in this act;<br/>
<a id="pl.6.3"></a><var>6.3</var>(2) $246,000 the first year and $270,000 the <br/>
<a id="pl.6.4"></a><var>6.4</var>second year are from the telecommunications <br/>
<a id="pl.6.5"></a><var>6.5</var>access Minnesota fund established in <br/>
<a id="pl.6.6"></a><var>6.6</var>Minnesota Statutes, section 237.52;<br/>
<a id="pl.6.7"></a><var>6.7</var>(3) $238,000 the first year is from the <br/>
<a id="pl.6.8"></a><var>6.8</var>assessments collected under Minnesota <br/>
<a id="pl.6.9"></a><var>6.9</var>Statutes, section 216C.052, for the reliability <br/>
<a id="pl.6.10"></a><var>6.10</var>administrator;<br/>
<a id="pl.6.11"></a><var>6.11</var>(4) $100,000 the first year and $100,000 <br/>
<a id="pl.6.12"></a><var>6.12</var>the second year are from the Department of <br/>
<a id="pl.6.13"></a><var>6.13</var>Commerce technology account established <br/>
<a id="pl.6.14"></a><var>6.14</var>in Minnesota Statutes, section 45.24;<br/>
<a id="pl.6.15"></a><var>6.15</var>(5) $622,000 the first year and $547,000 <br/>
<a id="pl.6.16"></a><var>6.16</var>the second year are from the energy <br/>
<a id="pl.6.17"></a><var>6.17</var>and conservation account established in <br/>
<a id="pl.6.18"></a><var>6.18</var>Minnesota Statutes, section 216B.241. Of <br/>
<a id="pl.6.19"></a><var>6.19</var>this amount, (i) $100,000 the first year <br/>
<a id="pl.6.20"></a><var>6.20</var>and $17,000 the second year are from <br/>
<a id="pl.6.21"></a><var>6.21</var>the assessments for technical assistance <br/>
<a id="pl.6.22"></a><var>6.22</var>in Minnesota Statutes, section 216B.241, <br/>
<a id="pl.6.23"></a><var>6.23</var>subdivision 1d; (ii) $500,000 the first year <br/>
<a id="pl.6.24"></a><var>6.24</var>and $500,000 the second year are from <br/>
<a id="pl.6.25"></a><var>6.25</var>the assessments for applied research and <br/>
<a id="pl.6.26"></a><var>6.26</var>development grants in Minnesota Statutes, <br/>
<a id="pl.6.27"></a><var>6.27</var>section 216B.241, subdivision 1e; and (iii) <br/>
<a id="pl.6.28"></a><var>6.28</var>$22,000 the first year and $30,000 the second <br/>
<a id="pl.6.29"></a><var>6.29</var>year are from the assessment for facilities <br/>
<a id="pl.6.30"></a><var>6.30</var>energy efficiency in Minnesota Statutes, <br/>
<a id="pl.6.31"></a><var>6.31</var>section 216B.241, subdivision 1f;<br/>
<a id="pl.6.32"></a><var>6.32</var>(6) $64,000 the first year and $48,000 the <br/>
<a id="pl.6.33"></a><var>6.33</var>second year are from the insurance fraud <br/>
<a id="pl.6.34"></a><var>6.34</var>prevention account established in Minnesota <br/>
<a id="pl.6.35"></a><var>6.35</var>Statutes, section 45.0135;<br/>
<a id="pl.7.1"></a><var>7.1</var>(7) $420,000 the first year and $420,000 the <br/>
<a id="pl.7.2"></a><var>7.2</var>second year are from the automobile theft <br/>
<a id="pl.7.3"></a><var>7.3</var>prevention account established in Minnesota <br/>
<a id="pl.7.4"></a><var>7.4</var>Statutes, section 168A.40;<br/>
<a id="pl.7.5"></a><var>7.5</var>(8) $49,000 the first year and $5,000 <br/>
<a id="pl.7.6"></a><var>7.6</var>the second year are from the real estate <br/>
<a id="pl.7.7"></a><var>7.7</var>education, research and recovery fund <br/>
<a id="pl.7.8"></a><var>7.8</var>established in Minnesota Statutes, section <br/>
<a id="pl.7.9"></a><var>7.9</var>82.43;<br/>
<a id="pl.7.10"></a><var>7.10</var>(9) $100,000 the first year is from the <br/>
<a id="pl.7.11"></a><var>7.11</var>consumer education account established in <br/>
<a id="pl.7.12"></a><var>7.12</var>Minnesota Statutes, section 58.10;<br/>
<a id="pl.7.13"></a><var>7.13</var>(10) $11,000 the first year and $15,000 <br/>
<a id="pl.7.14"></a><var>7.14</var>the second year are from the fees and <br/>
<a id="pl.7.15"></a><var>7.15</var>assessments collected under Minnesota <br/>
<a id="pl.7.16"></a><var>7.16</var>Statutes, section 216E.18;<br/>
<a id="pl.7.17"></a><var>7.17</var>(11) the remaining balance in the first <br/>
<a id="pl.7.18"></a><var>7.18</var>year, estimated to be $19,000, is from the <br/>
<a id="pl.7.19"></a><var>7.19</var>routing of certain pipelines under Minnesota <br/>
<a id="pl.7.20"></a><var>7.20</var>Statutes, section 216G.02;<br/>
<a id="pl.7.21"></a><var>7.21</var>(12) $4,000 the first year and $9,000 the <br/>
<a id="pl.7.22"></a><var>7.22</var>second year are from the joint exercise of <br/>
<a id="pl.7.23"></a><var>7.23</var>powers agreements with the Department of <br/>
<a id="pl.7.24"></a><var>7.24</var>Health for regulating health maintenance <br/>
<a id="pl.7.25"></a><var>7.25</var>organizations;<br/>
<a id="pl.7.26"></a><var>7.26</var>(13) $75,000 the first year and $75,000 the <br/>
<a id="pl.7.27"></a><var>7.27</var>second year are from the liquefied petroleum <br/>
<a id="pl.7.28"></a><var>7.28</var>gas account established in Minnesota <br/>
<a id="pl.7.29"></a><var>7.29</var>Statutes, section 239.785; and<br/>
<a id="pl.7.30"></a><var>7.30</var>(14) $500,000 the first year and $500,000 the <br/>
<a id="pl.7.31"></a><var>7.31</var>second year are from the telephone assistance <br/>
<a id="pl.7.32"></a><var>7.32</var>fund established in Minnesota Statutes, <br/>
<a id="pl.7.33"></a><var>7.33</var>section 237.701.<br/>
<br/>
<a id="bill.0.8.0"></a><table>
<col width="50px"/>
<col width="21.5"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<col width="2.5"/>
<col width="12"/>
<tr>
<td><a id="pl.7.34"></a><var>7.34</var><br/>
</td>
<td colspan="3">Sec. 8. <b>TRANSFER; ASSIGNED RISK PLAN</b><br/>
</td>
<td align="center"></td>
<td align="right"></td>
<td align="center"></td>
<td align="right"></td>
</tr>
</table><a id="pl.8.1"></a><var>8.1</var>By June 30, 2010, the commissioner of <br/>
<a id="pl.8.2"></a><var>8.2</var>management and budget shall transfer <br/>
<a id="pl.8.3"></a><var>8.3</var>$15,000,000 in assets of the workers' <br/>
<a id="pl.8.4"></a><var>8.4</var>compensation assigned risk plan created <br/>
<a id="pl.8.5"></a><var>8.5</var>under Minnesota Statutes, section 79.252, to <br/>
<a id="pl.8.6"></a><var>8.6</var>the general fund.<br/>
<br/>
<a id="bill.0.9.0"></a><a id="pl.8.7"></a><var>8.7</var>    Sec. 9. Minnesota Statutes 2009 Supplement, section 45.30, subdivision 6, is amended <br/>
<a id="pl.8.8"></a><var>8.8</var>to read:<br/>
<a id="pl.8.9"></a><var>8.9</var>    Subd. 6. <b>Course approval.</b> (a) Courses must be approved by the commissioner in <br/>
<a id="pl.8.10"></a><var>8.10</var>advance. A course that is required by federal criteria or a reciprocity agreement to receive <br/>
<a id="pl.8.11"></a><var>8.11</var>a substantive review will be approved or disapproved on the basis of its compliance with <br/>
<a id="pl.8.12"></a><var>8.12</var>the provisions of laws and rules relating to the appropriate industry. At the commissioner's <br/>
<a id="pl.8.13"></a><var>8.13</var>discretion, a course that is not required by federal criteria or a reciprocity agreement to <br/>
<a id="pl.8.14"></a><var>8.14</var>receive a substantive review may be approved based on a qualified provider's certification <br/>
<a id="pl.8.15"></a><var>8.15</var>on a form specified by the commissioner that the course complies with the provisions of <br/>
<a id="pl.8.16"></a><var>8.16</var>this chapter and the laws and rules relating to the appropriate industry. For the purposes <br/>
<a id="pl.8.17"></a><var>8.17</var>of this section, a "qualified provider" is one of the following: (1) a degree-granting <br/>
<a id="pl.8.18"></a><var>8.18</var>institution of higher learning located within this state; (2) a private school licensed by the <br/>
<a id="pl.8.19"></a><var>8.19</var>Minnesota Office of Higher Education; or (3) when conducting courses for its members, a <br/>
<a id="pl.8.20"></a><var>8.20</var>bona fide trade association that staffs and maintains in this state a physical location that <br/>
<a id="pl.8.21"></a><var>8.21</var>contains course and student records and that has done so for not less than three years. <br/>
<a id="pl.8.22"></a><var>8.22</var>The commissioner may review any approved course and may cancel its approval with <br/>
<a id="pl.8.23"></a><var>8.23</var>regard to all future offerings. The commissioner must make the final determination as to <br/>
<a id="pl.8.24"></a><var>8.24</var>accreditation and assignment of credit hours for courses. Courses must be at least one hour <br/>
<a id="pl.8.25"></a><var>8.25</var>in length, except courses for real estate appraisers must be at least two hours in length.<br/>
<a id="pl.8.26"></a><var>8.26</var>Individuals wishing to receive credit for continuing education courses that have not <br/>
<a id="pl.8.27"></a><var>8.27</var>been previously approved may submit the course information for approval. Courses <br/>
<a id="pl.8.28"></a><var>8.28</var>must be in compliance with the laws and rules governing the types of courses that will <br/>
<a id="pl.8.29"></a><var>8.29</var>and will not be approved.<br/>
<a id="pl.8.30"></a><var>8.30</var>Approval will not include time spent on meals or other unrelated activities.<br/>
<a id="pl.8.31"></a><var>8.31</var>(b) Courses must be submitted at least 30 days before the initial proposed course <br/>
<a id="pl.8.32"></a><var>8.32</var>offering.<br/>
<a id="pl.8.33"></a><var>8.33</var>(c) Approval must be granted for a subsequent offering of identical continuing <br/>
<a id="pl.8.34"></a><var>8.34</var>education courses without requiring a new application. The commissioner must deny <br/>
<a id="pl.9.1"></a><var>9.1</var>future offerings of courses if they are found not to be in compliance with the laws relating <br/>
<a id="pl.9.2"></a><var>9.2</var>to course approval.<br/>
<a id="pl.9.3"></a><var>9.3</var>(d) When either the content of an approved course or its method of instruction <br/>
<a id="pl.9.4"></a><var>9.4</var>changes, the course is no longer approved for license education credit. A new application <br/>
<a id="pl.9.5"></a><var>9.5</var>must be submitted for the changed course if the education provider intends to offer it for <br/>
<a id="pl.9.6"></a><var>9.6</var>license education credit.<br/>
<br/>
<a id="bill.0.10.0"></a><a id="pl.9.7"></a><var>9.7</var>    Sec. 10. Minnesota Statutes 2008, section 80A.46, is amended to read:<br/>
<a id="pl.9.8"></a><var>9.8</var><b>80A.46 SECTION 202; EXEMPT TRANSACTIONS. </b><br/>
<a id="pl.9.9"></a><var>9.9</var>    The following transactions are exempt from the requirements of sections 80A.49 <br/>
<a id="pl.9.10"></a><var>9.10</var>through 80A.54, except 80A.50, paragraph (a), clause (3), and 80A.71: <br/>
<a id="pl.9.11"></a><var>9.11</var>    (1) isolated nonissuer transactions, consisting of sale to not more than ten purchasers <br/>
<a id="pl.9.12"></a><var>9.12</var>in Minnesota during any period of 12 consecutive months, whether effected by or through <br/>
<a id="pl.9.13"></a><var>9.13</var>a broker-dealer or not; <br/>
<a id="pl.9.14"></a><var>9.14</var>    (2) a nonissuer transaction by or through a broker-dealer registered, or exempt from <br/>
<a id="pl.9.15"></a><var>9.15</var>registration under this chapter, and a resale transaction by a sponsor of a unit investment <br/>
<a id="pl.9.16"></a><var>9.16</var>trust registered under the Investment Company Act of 1940, in a security of a class that <br/>
<a id="pl.9.17"></a><var>9.17</var>has been outstanding in the hands of the public for at least 90 days, if, at the date of <br/>
<a id="pl.9.18"></a><var>9.18</var>the transaction: <br/>
<a id="pl.9.19"></a><var>9.19</var>    (A) the issuer of the security is engaged in business, the issuer is not in the <br/>
<a id="pl.9.20"></a><var>9.20</var>organizational stage or in bankruptcy or receivership, and the issuer is not a blank check, <br/>
<a id="pl.9.21"></a><var>9.21</var>blind pool, or shell company that has no specific business plan or purpose or has indicated <br/>
<a id="pl.9.22"></a><var>9.22</var>that its primary business plan is to engage in a merger or combination of the business with, <br/>
<a id="pl.9.23"></a><var>9.23</var>or an acquisition of, an unidentified person; <br/>
<a id="pl.9.24"></a><var>9.24</var>    (B) the security is sold at a price reasonably related to its current market price; <br/>
<a id="pl.9.25"></a><var>9.25</var>    (C) the security does not constitute the whole or part of an unsold allotment to, or <br/>
<a id="pl.9.26"></a><var>9.26</var>a subscription or participation by, the broker-dealer as an underwriter of the security <br/>
<a id="pl.9.27"></a><var>9.27</var>or a redistribution; <br/>
<a id="pl.9.28"></a><var>9.28</var>    (D) a nationally recognized securities manual or its electronic equivalent designated <br/>
<a id="pl.9.29"></a><var>9.29</var>by rule adopted or order issued under this chapter or a record filed with the Securities and <br/>
<a id="pl.9.30"></a><var>9.30</var>Exchange Commission that is publicly available contains: <br/>
<a id="pl.9.31"></a><var>9.31</var>    (i) a description of the business and operations of the issuer; <br/>
<a id="pl.9.32"></a><var>9.32</var>    (ii) the names of the issuer's executive officers and the names of the issuer's <br/>
<a id="pl.9.33"></a><var>9.33</var>directors, if any; <br/>
<a id="pl.9.34"></a><var>9.34</var>    (iii) an audited balance sheet of the issuer as of a date within 18 months before the <br/>
<a id="pl.9.35"></a><var>9.35</var>date of the transaction or, in the case of a reorganization or merger when the parties to <br/>
<a id="pl.10.1"></a><var>10.1</var>the reorganization or merger each had an audited balance sheet, a pro forma balance <br/>
<a id="pl.10.2"></a><var>10.2</var>sheet for the combined organization; and <br/>
<a id="pl.10.3"></a><var>10.3</var>    (iv) an audited income statement for each of the issuer's two immediately previous <br/>
<a id="pl.10.4"></a><var>10.4</var>fiscal years or for the period of existence of the issuer, whichever is shorter, or, in the case <br/>
<a id="pl.10.5"></a><var>10.5</var>of a reorganization or merger when each party to the reorganization or merger had audited <br/>
<a id="pl.10.6"></a><var>10.6</var>income statements, a pro forma income statement; and <br/>
<a id="pl.10.7"></a><var>10.7</var>    (E) any one of the following requirements is met: <br/>
<a id="pl.10.8"></a><var>10.8</var>    (i) the issuer of the security has a class of equity securities listed on a national <br/>
<a id="pl.10.9"></a><var>10.9</var>securities exchange registered under Section 6 of the Securities Exchange Act of 1934 <br/>
<a id="pl.10.10"></a><var>10.10</var>or designated for trading on the National Association of Securities Dealers Automated <br/>
<a id="pl.10.11"></a><var>10.11</var>Quotation System; <br/>
<a id="pl.10.12"></a><var>10.12</var>    (ii) the issuer of the security is a unit investment trust registered under the Investment <br/>
<a id="pl.10.13"></a><var>10.13</var>Company Act of 1940; <br/>
<a id="pl.10.14"></a><var>10.14</var>    (iii) the issuer of the security, including its predecessors, has been engaged in <br/>
<a id="pl.10.15"></a><var>10.15</var>continuous business for at least three years; or <br/>
<a id="pl.10.16"></a><var>10.16</var>    (iv) the issuer of the security has total assets of at least $2,000,000 based on an <br/>
<a id="pl.10.17"></a><var>10.17</var>audited balance sheet as of a date within 18 months before the date of the transaction or, in <br/>
<a id="pl.10.18"></a><var>10.18</var>the case of a reorganization or merger when the parties to the reorganization or merger <br/>
<a id="pl.10.19"></a><var>10.19</var>each had such an audited balance sheet, a pro forma balance sheet for the combined <br/>
<a id="pl.10.20"></a><var>10.20</var>organization; <br/>
<a id="pl.10.21"></a><var>10.21</var>    (3) a nonissuer transaction by or through a broker-dealer registered or exempt from <br/>
<a id="pl.10.22"></a><var>10.22</var>registration under this chapter in a security of a foreign issuer that is a margin security <br/>
<a id="pl.10.23"></a><var>10.23</var>defined in regulations or rules adopted by the Board of Governors of the Federal Reserve <br/>
<a id="pl.10.24"></a><var>10.24</var>System; <br/>
<a id="pl.10.25"></a><var>10.25</var>    (4) a nonissuer transaction by or through a broker-dealer registered or exempt <br/>
<a id="pl.10.26"></a><var>10.26</var>from registration under this chapter in an outstanding security if the guarantor of the <br/>
<a id="pl.10.27"></a><var>10.27</var>security files reports with the Securities and Exchange Commission under the reporting <br/>
<a id="pl.10.28"></a><var>10.28</var>requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. <br/>
<a id="pl.10.29"></a><var>10.29</var>Sections 78m or 78o(d)); <br/>
<a id="pl.10.30"></a><var>10.30</var>    (5) a nonissuer transaction by or through a broker-dealer registered or exempt from <br/>
<a id="pl.10.31"></a><var>10.31</var>registration under this chapter in a security that: <br/>
<a id="pl.10.32"></a><var>10.32</var>    (A) is rated at the time of the transaction by a nationally recognized statistical rating <br/>
<a id="pl.10.33"></a><var>10.33</var>organization in one of its four highest rating categories; or <br/>
<a id="pl.10.34"></a><var>10.34</var>    (B) has a fixed maturity or a fixed interest or dividend, if: <br/>
<a id="pl.11.1"></a><var>11.1</var>    (i) a default has not occurred during the current fiscal year or within the three <br/>
<a id="pl.11.2"></a><var>11.2</var>previous fiscal years or during the existence of the issuer and any predecessor if less than <br/>
<a id="pl.11.3"></a><var>11.3</var>three fiscal years, in the payment of principal, interest, or dividends on the security; and <br/>
<a id="pl.11.4"></a><var>11.4</var>    (ii) the issuer is engaged in business, is not in the organizational stage or in <br/>
<a id="pl.11.5"></a><var>11.5</var>bankruptcy or receivership, and is not and has not been within the previous 12 months a <br/>
<a id="pl.11.6"></a><var>11.6</var>blank check, blind pool, or shell company that has no specific business plan or purpose or <br/>
<a id="pl.11.7"></a><var>11.7</var>has indicated that its primary business plan is to engage in a merger or combination of the <br/>
<a id="pl.11.8"></a><var>11.8</var>business with, or an acquisition of, an unidentified person; <br/>
<a id="pl.11.9"></a><var>11.9</var>    (6) a nonissuer transaction by or through a broker-dealer registered or exempt from <br/>
<a id="pl.11.10"></a><var>11.10</var>registration under this chapter effecting an unsolicited order or offer to purchase; <br/>
<a id="pl.11.11"></a><var>11.11</var>    (7) a nonissuer transaction executed by a bona fide pledgee without the purpose <br/>
<a id="pl.11.12"></a><var>11.12</var>of evading this chapter; <br/>
<a id="pl.11.13"></a><var>11.13</var>    (8) a nonissuer transaction by a federal covered investment adviser with investments <br/>
<a id="pl.11.14"></a><var>11.14</var>under management in excess of $100,000,000 acting in the exercise of discretionary <br/>
<a id="pl.11.15"></a><var>11.15</var>authority in a signed record for the account of others; <br/>
<a id="pl.11.16"></a><var>11.16</var>    (9) a transaction in a security, whether or not the security or transaction is otherwise <br/>
<a id="pl.11.17"></a><var>11.17</var>exempt, in exchange for one or more bona fide outstanding securities, claims, or property <br/>
<a id="pl.11.18"></a><var>11.18</var>interests, or partly in such exchange and partly for cash, if the terms and conditions of <br/>
<a id="pl.11.19"></a><var>11.19</var>the issuance and exchange or the delivery and exchange and the fairness of the terms and <br/>
<a id="pl.11.20"></a><var>11.20</var>conditions have been approved by the administrator after a hearing; <br/>
<a id="pl.11.21"></a><var>11.21</var>    (10) a transaction between the issuer or other person on whose behalf the offering is <br/>
<a id="pl.11.22"></a><var>11.22</var>made and an underwriter, or among underwriters; <br/>
<a id="pl.11.23"></a><var>11.23</var>    (11) a transaction in a note, bond, debenture, or other evidence of indebtedness <br/>
<a id="pl.11.24"></a><var>11.24</var>secured by a mortgage or other security agreement if: <br/>
<a id="pl.11.25"></a><var>11.25</var>    (A) the note, bond, debenture, or other evidence of indebtedness is offered and sold <br/>
<a id="pl.11.26"></a><var>11.26</var>with the mortgage or other security agreement as a unit; <br/>
<a id="pl.11.27"></a><var>11.27</var>    (B) a general solicitation or general advertisement of the transaction is not made; and <br/>
<a id="pl.11.28"></a><var>11.28</var>    (C) a commission or other remuneration is not paid or given, directly or indirectly, to <br/>
<a id="pl.11.29"></a><var>11.29</var>a person not registered under this chapter as a broker-dealer or as an agent; <br/>
<a id="pl.11.30"></a><var>11.30</var>    (12) a transaction by an executor, administrator of an estate, sheriff, marshal, <br/>
<a id="pl.11.31"></a><var>11.31</var>receiver, trustee in bankruptcy, guardian, or conservator; <br/>
<a id="pl.11.32"></a><var>11.32</var>    (13) a sale or offer to sell to: <br/>
<a id="pl.11.33"></a><var>11.33</var>    (A) an institutional investor; <br/>
<a id="pl.11.34"></a><var>11.34</var>    (B) an accredited investor; <br/>
<a id="pl.11.35"></a><var>11.35</var>    (C) a federal covered investment adviser; or <br/>
<a id="pl.11.36"></a><var>11.36</var>    (D) any other person exempted by rule adopted or order issued under this chapter; <br/>
<a id="pl.12.1"></a><var>12.1</var>    (14) a sale or an offer to sell securities by an issuer, if the transaction is part of <br/>
<a id="pl.12.2"></a><var>12.2</var>a single issue in which: <br/>
<a id="pl.12.3"></a><var>12.3</var>    (A) not more than 35 purchasers are present in this state during any 12 consecutive <br/>
<a id="pl.12.4"></a><var>12.4</var>months, other than those designated in paragraph (13); <br/>
<a id="pl.12.5"></a><var>12.5</var>    (B) a general solicitation or general advertising is not made in connection with <br/>
<a id="pl.12.6"></a><var>12.6</var>the offer to sell or sale of the securities; <br/>
<a id="pl.12.7"></a><var>12.7</var>    (C) a commission or other remuneration is not paid or given, directly or indirectly, to <br/>
<a id="pl.12.8"></a><var>12.8</var>a person other than a broker-dealer registered under this chapter or an agent registered <br/>
<a id="pl.12.9"></a><var>12.9</var>under this chapter for soliciting a prospective purchaser in this state; and <br/>
<a id="pl.12.10"></a><var>12.10</var>    (D) the issuer reasonably believes that all the purchasers in this state, other than <br/>
<a id="pl.12.11"></a><var>12.11</var>those designated in paragraph (13), are purchasing for investment. <br/>
<a id="pl.12.12"></a><var>12.12</var>Any issuer selling to purchasers in this state in reliance on this clause (14) exemption <br/>
<a id="pl.12.13"></a><var>12.13</var>must provide to the administrator notice of the transaction by filing a statement of issuer <br/>
<a id="pl.12.14"></a><var>12.14</var>form as adopted by rule. Notice must be filed at least ten days in advance of any sale or <br/>
<a id="pl.12.15"></a><var>12.15</var>such shorter period as permitted by the administrator. However, an issuer who makes sales <br/>
<a id="pl.12.16"></a><var>12.16</var>to ten or fewer purchasers in Minnesota during any period of 12 consecutive months is not <br/>
<a id="pl.12.17"></a><var>12.17</var>required to provide this notice; <br/>
<a id="pl.12.18"></a><var>12.18</var>    (15) a transaction under an offer to existing security holders of the issuer, including <br/>
<a id="pl.12.19"></a><var>12.19</var>persons that at the date of the transaction are holders of convertible securities, options, <br/>
<a id="pl.12.20"></a><var>12.20</var>or warrants, if a commission or other remuneration, other than a standby commission, is <br/>
<a id="pl.12.21"></a><var>12.21</var>not paid or given, directly or indirectly, for soliciting a security holder in this state. The <br/>
<a id="pl.12.22"></a><var>12.22</var>person making the offer and effecting the transaction must provide to the administrator <br/>
<a id="pl.12.23"></a><var>12.23</var>notice of the transaction by filing a written description of the transaction. Notice must be <br/>
<a id="pl.12.24"></a><var>12.24</var>filed at least ten days in advance of any transaction or such shorter period as permitted by <br/>
<a id="pl.12.25"></a><var>12.25</var>the administrator; <br/>
<a id="pl.12.26"></a><var>12.26</var>    (16) an offer to sell, but not a sale, of a security not exempt from registration under <br/>
<a id="pl.12.27"></a><var>12.27</var>the Securities Act of 1933 if: <br/>
<a id="pl.12.28"></a><var>12.28</var>    (A) a registration or offering statement or similar record as required under the <br/>
<a id="pl.12.29"></a><var>12.29</var>Securities Act of 1933 has been filed, but is not effective, or the offer is made in compliance <br/>
<a id="pl.12.30"></a><var>12.30</var>with Rule 165 adopted under the Securities Act of 1933 (17 C.F.R. 230.165); and <br/>
<a id="pl.12.31"></a><var>12.31</var>    (B) a stop order of which the offeror is aware has not been issued against the offeror <br/>
<a id="pl.12.32"></a><var>12.32</var>by the administrator or the Securities and Exchange Commission, and an audit, inspection, <br/>
<a id="pl.12.33"></a><var>12.33</var>or proceeding that is public and that may culminate in a stop order is not known by the <br/>
<a id="pl.12.34"></a><var>12.34</var>offeror to be pending; <br/>
<a id="pl.12.35"></a><var>12.35</var>    (17) an offer to sell, but not a sale, of a security exempt from registration under the <br/>
<a id="pl.12.36"></a><var>12.36</var>Securities Act of 1933 if: <br/>
<a id="pl.13.1"></a><var>13.1</var>    (A) a registration statement has been filed under this chapter, but is not effective; <br/>
<a id="pl.13.2"></a><var>13.2</var>    (B) a solicitation of interest is provided in a record to offerees in compliance with a <br/>
<a id="pl.13.3"></a><var>13.3</var>rule adopted by the administrator under this chapter; and <br/>
<a id="pl.13.4"></a><var>13.4</var>    (C) a stop order of which the offeror is aware has not been issued by the administrator <br/>
<a id="pl.13.5"></a><var>13.5</var>under this chapter and an audit, inspection, or proceeding that may culminate in a stop <br/>
<a id="pl.13.6"></a><var>13.6</var>order is not known by the offeror to be pending; <br/>
<a id="pl.13.7"></a><var>13.7</var>    (18) a transaction involving the distribution of the securities of an issuer to the <br/>
<a id="pl.13.8"></a><var>13.8</var>security holders of another person in connection with a merger, consolidation, exchange <br/>
<a id="pl.13.9"></a><var>13.9</var>of securities, sale of assets, or other reorganization to which the issuer, or its parent <br/>
<a id="pl.13.10"></a><var>13.10</var>or subsidiary and the other person, or its parent or subsidiary, are parties. The person <br/>
<a id="pl.13.11"></a><var>13.11</var>distributing the issuer's securities must provide to the administrator notice of the <br/>
<a id="pl.13.12"></a><var>13.12</var>transaction by filing a written description of the transaction along with a consent to service <br/>
<a id="pl.13.13"></a><var>13.13</var>of process complying with section 
         <statute_ref>80A.88</statute_ref>. Notice must be filed at least ten days in <br/>
<a id="pl.13.14"></a><var>13.14</var>advance of any transaction or such shorter period as permitted by the administrator; <br/>
<a id="pl.13.15"></a><var>13.15</var>    (19) a rescission offer, sale, or purchase under section 80A.77; <br/>
<a id="pl.13.16"></a><var>13.16</var>    (20) an offer or sale of a security to a person not a resident of this state and not <br/>
<a id="pl.13.17"></a><var>13.17</var>present in this state if the offer or sale does not constitute a violation of the laws of the <br/>
<a id="pl.13.18"></a><var>13.18</var>state or foreign jurisdiction in which the offeree or purchaser is present and is not part of <br/>
<a id="pl.13.19"></a><var>13.19</var>an unlawful plan or scheme to evade this chapter; <br/>
<a id="pl.13.20"></a><var>13.20</var>    (21) employees' stock purchase, savings, option, profit-sharing, pension, or <br/>
<a id="pl.13.21"></a><var>13.21</var>similar employees' benefit plan, including any securities, plan interests, and guarantees <br/>
<a id="pl.13.22"></a><var>13.22</var>issued under a compensatory benefit plan or compensation contract, contained in a <br/>
<a id="pl.13.23"></a><var>13.23</var>record, established by the issuer, its parents, its majority-owned subsidiaries, or the <br/>
<a id="pl.13.24"></a><var>13.24</var>majority-owned subsidiaries of the issuer's parent for the participation of their employees <br/>
<a id="pl.13.25"></a><var>13.25</var>including offers or sales of such securities to: <br/>
<a id="pl.13.26"></a><var>13.26</var>    (A) directors; general partners; trustees, if the issuer is a business trust; officers; <br/>
<a id="pl.13.27"></a><var>13.27</var>consultants; and advisors; <br/>
<a id="pl.13.28"></a><var>13.28</var>    (B) family members who acquire such securities from those persons through gifts or <br/>
<a id="pl.13.29"></a><var>13.29</var>domestic relations orders; <br/>
<a id="pl.13.30"></a><var>13.30</var>    (C) former employees, directors, general partners, trustees, officers, consultants, and <br/>
<a id="pl.13.31"></a><var>13.31</var>advisors if those individuals were employed by or providing services to the issuer when <br/>
<a id="pl.13.32"></a><var>13.32</var>the securities were offered; and <br/>
<a id="pl.13.33"></a><var>13.33</var>    (D) insurance agents who are exclusive insurance agents of the issuer, or the issuer's <br/>
<a id="pl.13.34"></a><var>13.34</var>subsidiaries or parents, or who derive more than 50 percent of their annual income from <br/>
<a id="pl.13.35"></a><var>13.35</var>those organizations. <br/>
<a id="pl.14.1"></a><var>14.1</var>A person establishing an employee benefit plan under the exemption in this clause <br/>
<a id="pl.14.2"></a><var>14.2</var>(21) must provide to the administrator notice of the transaction by filing a written <br/>
<a id="pl.14.3"></a><var>14.3</var>description of the transaction along with a consent to service of process complying with <br/>
<a id="pl.14.4"></a><var>14.4</var>section 
         <statute_ref>80A.88</statute_ref>. Notice must be filed at least ten days in advance of any transaction or <br/>
<a id="pl.14.5"></a><var>14.5</var>such shorter period as permitted by the administrator; <br/>
<a id="pl.14.6"></a><var>14.6</var>    (22) a transaction involving: <br/>
<a id="pl.14.7"></a><var>14.7</var>    (A) a stock dividend or equivalent equity distribution, whether the corporation or <br/>
<a id="pl.14.8"></a><var>14.8</var>other business organization distributing the dividend or equivalent equity distribution is <br/>
<a id="pl.14.9"></a><var>14.9</var>the issuer or not, if nothing of value is given by stockholders or other equity holders for <br/>
<a id="pl.14.10"></a><var>14.10</var>the dividend or equivalent equity distribution other than the surrender of a right to a cash <br/>
<a id="pl.14.11"></a><var>14.11</var>or property dividend if each stockholder or other equity holder may elect to take the <br/>
<a id="pl.14.12"></a><var>14.12</var>dividend or equivalent equity distribution in cash, property, or stock; <br/>
<a id="pl.14.13"></a><var>14.13</var>    (B) an act incident to a judicially approved reorganization in which a security is <br/>
<a id="pl.14.14"></a><var>14.14</var>issued in exchange for one or more outstanding securities, claims, or property interests, or <br/>
<a id="pl.14.15"></a><var>14.15</var>partly in such exchange and partly for cash; or <br/>
<a id="pl.14.16"></a><var>14.16</var>    (C) the solicitation of tenders of securities by an offeror in a tender offer in <br/>
<a id="pl.14.17"></a><var>14.17</var>compliance with Rule 162 adopted under the Securities Act of 1933 (17 C.F.R. 230.162); <br/>
<a id="pl.14.18"></a><var>14.18</var>    (23) a nonissuer transaction in an outstanding security by or through a broker-dealer <br/>
<a id="pl.14.19"></a><var>14.19</var>registered or exempt from registration under this chapter, if the issuer is a reporting <br/>
<a id="pl.14.20"></a><var>14.20</var>issuer in a foreign jurisdiction designated by this paragraph or by rule adopted or order <br/>
<a id="pl.14.21"></a><var>14.21</var>issued under this chapter; has been subject to continuous reporting requirements in the <br/>
<a id="pl.14.22"></a><var>14.22</var>foreign jurisdiction for not less than 180 days before the transaction; and the security is <br/>
<a id="pl.14.23"></a><var>14.23</var>listed on the foreign jurisdiction's securities exchange that has been designated by this <br/>
<a id="pl.14.24"></a><var>14.24</var>paragraph or by rule adopted or order issued under this chapter, or is a security of the same <br/>
<a id="pl.14.25"></a><var>14.25</var>issuer that is of senior or substantially equal rank to the listed security or is a warrant or <br/>
<a id="pl.14.26"></a><var>14.26</var>right to purchase or subscribe to any of the foregoing.  For purposes of this paragraph, <br/>
<a id="pl.14.27"></a><var>14.27</var>Canada, together with its provinces and territories, is a designated foreign jurisdiction <br/>
<a id="pl.14.28"></a><var>14.28</var>and The Toronto Stock Exchange, Inc., is a designated securities exchange.  After an <br/>
<a id="pl.14.29"></a><var>14.29</var>administrative hearing in compliance with chapter 14, the administrator, by rule adopted <br/>
<a id="pl.14.30"></a><var>14.30</var>or order issued under this chapter, may revoke the designation of a securities exchange <br/>
<a id="pl.14.31"></a><var>14.31</var>under this paragraph, if the administrator finds that revocation is necessary or appropriate <br/>
<a id="pl.14.32"></a><var>14.32</var>in the public interest and for the protection of investors; <br/>
<a id="pl.14.33"></a><var>14.33</var>    (24) any transaction effected by or through a Canadian broker-dealer exempted from <br/>
<a id="pl.14.34"></a><var>14.34</var>broker-dealer registration pursuant to section 80A.56(b)(3); or <br/>
<a id="pl.14.35"></a><var>14.35</var>    (25)(A) the offer and sale by a cooperative organized under chapter 308A, or <br/>
<a id="pl.14.36"></a><var>14.36</var>under the laws of another state, of its securities when the securities are offered and sold <br/>
<a id="pl.15.1"></a><var>15.1</var>only to its members, or when the purchase of the securities is necessary or incidental to <br/>
<a id="pl.15.2"></a><var>15.2</var>establishing membership in the cooperative, or when the securities are issued as patronage <br/>
<a id="pl.15.3"></a><var>15.3</var>dividends. This paragraph applies to a cooperative organized under chapter 308A, or under <br/>
<a id="pl.15.4"></a><var>15.4</var>the laws of another state, only if the cooperative has filed with the administrator a consent <br/>
<a id="pl.15.5"></a><var>15.5</var>to service of process under section 80A.88 and has, not less than ten days before the <br/>
<a id="pl.15.6"></a><var>15.6</var>issuance or delivery, furnished the administrator with a written general description of the <br/>
<a id="pl.15.7"></a><var>15.7</var>transaction and any other information that the administrator requires by rule or otherwise; <br/>
<a id="pl.15.8"></a><var>15.8</var>    (B) the offer and sale by a cooperative organized under chapter 308B of its securities <br/>
<a id="pl.15.9"></a><var>15.9</var>when the securities are offered and sold to its existing members or when the purchase of the <br/>
<a id="pl.15.10"></a><var>15.10</var>securities is necessary or incidental to establishing patron membership in the cooperative, <br/>
<a id="pl.15.11"></a><var>15.11</var>or when such securities are issued as patronage dividends. The administrator has the <br/>
<a id="pl.15.12"></a><var>15.12</var>power to define "patron membership" for purposes of this paragraph. This paragraph <br/>
<a id="pl.15.13"></a><var>15.13</var>applies to securities, other than securities issued as patronage dividends, only when: <br/>
<a id="pl.15.14"></a><var>15.14</var>    (i) the issuer, before the completion of the sale of the securities, provides each <br/>
<a id="pl.15.15"></a><var>15.15</var>offeree or purchaser disclosure materials that, to the extent material to an understanding of <br/>
<a id="pl.15.16"></a><var>15.16</var>the issuer, its business, and the securities being offered, substantially meet the disclosure <br/>
<a id="pl.15.17"></a><var>15.17</var>conditions and limitations found in rule 502(b) of Regulation D promulgated by the <br/>
<a id="pl.15.18"></a><var>15.18</var>Securities and Exchange Commission, Code of Federal Regulations, title 17, section <br/>
<a id="pl.15.19"></a><var>15.19</var>230.502; and <br/>
<a id="pl.15.20"></a><var>15.20</var>    (ii) within 15 days after the completion of the first sale in each offering completed in <br/>
<a id="pl.15.21"></a><var>15.21</var>reliance upon this exemption, the cooperative has filed with the administrator a consent to <br/>
<a id="pl.15.22"></a><var>15.22</var>service of process under section 80A.88 (or has previously filed such a consent), and has <br/>
<a id="pl.15.23"></a><var>15.23</var>furnished the administrator with a written general description of the transaction and any <br/>
<a id="pl.15.24"></a><var>15.24</var>other information that the administrator requires by rule or otherwise; and <br/>
<a id="pl.15.25"></a><var>15.25</var>(C) a cooperative may, at or about the same time as offers or sales are being <br/>
<a id="pl.15.26"></a><var>15.26</var>completed in reliance upon the exemptions from registration found in this subpart and as <br/>
<a id="pl.15.27"></a><var>15.27</var>part of a common plan of financing, offer or sell its securities in reliance upon any other <br/>
<a id="pl.15.28"></a><var>15.28</var>exemption from registration available under this chapter.  The offer or sale of securities in <br/>
<a id="pl.15.29"></a><var>15.29</var>reliance upon the exemptions found in this subpart will not be considered or deemed a part <br/>
<a id="pl.15.30"></a><var>15.30</var>of or be integrated with any offer or sale of securities conducted by the cooperative in <br/>
<a id="pl.15.31"></a><var>15.31</var>reliance upon any other exemption from registration available under this chapter, nor will <br/>
<a id="pl.15.32"></a><var>15.32</var>offers or sales of securities by the cooperative in reliance upon any other exemption from <br/>
<a id="pl.15.33"></a><var>15.33</var>registration available under this chapter be considered or deemed a part of or be integrated <br/>
<a id="pl.15.34"></a><var>15.34</var>with any offer or sale conducted by the cooperative in reliance upon this paragraph. <br/>
<br/>
<a id="bill.0.11.0"></a><a id="pl.15.35"></a><var>15.35</var>    Sec. 11. Minnesota Statutes 2008, section 80A.65, subdivision 1, is amended to read:<br/>
<a id="pl.16.1"></a><var>16.1</var>    Subdivision 1. <b>Registration or notice filing fee.</b> (a) There shall be a filing fee of <br/>
<a id="pl.16.2"></a><var>16.2</var>$100 for every application for registration or notice filing. There shall be an additional fee <br/>
<a id="pl.16.3"></a><var>16.3</var>of one-tenth of one percent of the maximum aggregate offering price at which the securities <br/>
<a id="pl.16.4"></a><var>16.4</var>are to be offered in this state, and the maximum combined fees shall not exceed $300.<br/>
<a id="pl.16.5"></a><var>16.5</var>    (b) When an application for registration is withdrawn before the effective date <br/>
<a id="pl.16.6"></a><var>16.6</var>or a preeffective stop order is entered under section 
         <statute_ref>80A.54</statute_ref>, all but the $100 filing fee <br/>
<a id="pl.16.7"></a><var>16.7</var>shall be returned. If an application to register securities is denied, the total of all fees <br/>
<a id="pl.16.8"></a><var>16.8</var>received shall be retained.<br/>
<a id="pl.16.9"></a><var>16.9</var>    (c) Where a filing is made in connection with a federal covered security under <br/>
<a id="pl.16.10"></a><var>16.10</var>section 18(b)(2) of the Securities Act of 1933, there is a fee of $100 for every initial filing. <br/>
<a id="pl.16.11"></a><var>16.11</var>If the filing is made in connection with redeemable securities issued by an open end <br/>
<a id="pl.16.12"></a><var>16.12</var>management company or unit investment trust, as defined in the Investment Company Act <br/>
<a id="pl.16.13"></a><var>16.13</var>of 1940, there is an additional annual fee of 1/20 1/10 of one percent of the maximum <br/>
<a id="pl.16.14"></a><var>16.14</var>aggregate offering price at which the securities are to be offered in this state during the <br/>
<a id="pl.16.15"></a><var>16.15</var>notice filing period. The fee must be paid at the time of the initial filing and thereafter in <br/>
<a id="pl.16.16"></a><var>16.16</var>connection with each renewal no later than July 1 of each year and must be sufficient to <br/>
<a id="pl.16.17"></a><var>16.17</var>cover the shares the issuer expects to sell in this state over the next 12 months. If during a <br/>
<a id="pl.16.18"></a><var>16.18</var>current notice filing the issuer determines it is likely to sell shares in excess of the shares <br/>
<a id="pl.16.19"></a><var>16.19</var>for which fees have been paid to the administrator, the issuer shall submit an amended <br/>
<a id="pl.16.20"></a><var>16.20</var>notice filing to the administrator under section 
         <statute_ref>80A.50</statute_ref>, together with a fee of 1/20 1/10 <br/>
<a id="pl.16.21"></a><var>16.21</var>of one percent of the maximum aggregate offering price of the additional shares. Shares <br/>
<a id="pl.16.22"></a><var>16.22</var>for which a fee has been paid, but which have not been sold at the time of expiration of <br/>
<a id="pl.16.23"></a><var>16.23</var>the notice filing, may not be sold unless an additional fee to cover the shares has been <br/>
<a id="pl.16.24"></a><var>16.24</var>paid to the administrator as provided in this section and section 
         <statute_ref>80A.50</statute_ref>. If the filing is <br/>
<a id="pl.16.25"></a><var>16.25</var>made in connection with redeemable securities issued by such a company or trust, there <br/>
<a id="pl.16.26"></a><var>16.26</var>is no maximum fee for securities filings made according to this paragraph. If the filing <br/>
<a id="pl.16.27"></a><var>16.27</var>is made in connection with any other federal covered security under Section 18(b)(2) of <br/>
<a id="pl.16.28"></a><var>16.28</var>the Securities Act of 1933, there is an additional fee of one-tenth of one percent of the <br/>
<a id="pl.16.29"></a><var>16.29</var>maximum aggregate offering price at which the securities are to be offered in this state, <br/>
<a id="pl.16.30"></a><var>16.30</var>and the combined fees shall not exceed $300. Fees collected under this subdivision are <br/>
<a id="pl.16.31"></a><var>16.31</var>exempted under section 16A.1285, subdivision 2.<br/>
<br/>
<a id="bill.0.12.0"></a><a id="pl.16.32"></a><var>16.32</var>    Sec. 12. Laws 2009, chapter 37, article 2, section 13, is amended to read:<br/>
<a id="pl.16.33"></a><var>16.33</var>    Sec. 13. <b>APPROPRIATIONS; CANCELLATIONS.</b><br/>
<a id="pl.16.34"></a><var>16.34</var>(a) The remaining balance of the fiscal year 2009 special revenue fund appropriation <br/>
<a id="pl.16.35"></a><var>16.35</var>for the Green Jobs Task Force under Laws 2008, chapter 363, article 6, section 3, <br/>
<a id="pl.17.1"></a><var>17.1</var>subdivision 4, is transferred and appropriated to the commissioner of employment and <br/>
<a id="pl.17.2"></a><var>17.2</var>economic development for the purposes of green enterprise assistance under Minnesota <br/>
<a id="pl.17.3"></a><var>17.3</var>Statutes, section 
         <statute_ref>116J.438</statute_ref>. This appropriation is available until spent.<br/>
<a id="pl.17.4"></a><var>17.4</var>(b) The unencumbered balance of the fiscal year 2008 appropriation to the <br/>
<a id="pl.17.5"></a><var>17.5</var>commissioner of commerce for the rural and energy development revolving loan <br/>
<a id="pl.17.6"></a><var>17.6</var>fund under Laws 2007, chapter 57, article 2, section 3, subdivision 6, is canceled and <br/>
<a id="pl.17.7"></a><var>17.7</var>reappropriated to the commissioner of commerce as follows:<br/>
<a id="pl.17.8"></a><var>17.8</var>(1) $1,500,000 is for a grant to the Board of Trustees of the Minnesota State Colleges <br/>
<a id="pl.17.9"></a><var>17.9</var>and Universities for the International Renewable Energy Technology Institute (IRETI) to <br/>
<a id="pl.17.10"></a><var>17.10</var>be located at Minnesota State University, Mankato, as a public and private partnership to <br/>
<a id="pl.17.11"></a><var>17.11</var>support applied research in renewable energy and energy efficiency to aid in the transfer of <br/>
<a id="pl.17.12"></a><var>17.12</var>technology from Sweden to Minnesota and to support technology commercialization from <br/>
<a id="pl.17.13"></a><var>17.13</var>companies located in Minnesota and throughout the world; and<br/>
<a id="pl.17.14"></a><var>17.14</var>(2) the remaining balance is for a grant to the Board of Regents of the University of <br/>
<a id="pl.17.15"></a><var>17.15</var>Minnesota for the initiative for renewable energy and the environment to fund start up <br/>
<a id="pl.17.16"></a><var>17.16</var>costs related to a national solar testing and certification laboratory to test, rate, and certify <br/>
<a id="pl.17.17"></a><var>17.17</var>the performance of equipment and devices that utilize solar energy for heating and cooling <br/>
<a id="pl.17.18"></a><var>17.18</var>air and water and for generating electricity.<br/>
<a id="pl.17.19"></a><var>17.19</var>This appropriation is available until expended.<br/>
<a id="pl.17.20"></a><var>17.20</var><b>EFFECTIVE DATE.</b>This section is effective the day following final enactment.<br/>
<br/>
<a id="bill.0.13.0"></a><a id="pl.17.21"></a><var>17.21</var>    Sec. 13. <b>ASSESSMENT.</b><br/>
<a id="pl.17.22"></a><var>17.22</var>(a) The commissioner of commerce may levy a pro rata assessment on institutions <br/>
<a id="pl.17.23"></a><var>17.23</var>licensed under Minnesota Statutes, chapter 58, to recover the costs to the Department of <br/>
<a id="pl.17.24"></a><var>17.24</var>Commerce for administering the licensing and registration requirements of Minnesota <br/>
<a id="pl.17.25"></a><var>17.25</var>Statutes, section 58A.10.<br/>
<a id="pl.17.26"></a><var>17.26</var>(b) The commissioner shall levy the assessments and notify each institution of the <br/>
<a id="pl.17.27"></a><var>17.27</var>amount of the assessment being levied by September 30, 2010. The institution shall pay <br/>
<a id="pl.17.28"></a><var>17.28</var>the assessment to the department no later than November 30, 2010. If an institution fails <br/>
<a id="pl.17.29"></a><var>17.29</var>to pay its assessment by this date, its license may be suspended by the commissioner <br/>
<a id="pl.17.30"></a><var>17.30</var>until it is paid in full.<br/>
<a id="pl.17.31"></a><var>17.31</var>(c) This section expires December 1, 2010.<br/>