<a id="pl.1.3"></a><var>1.3</var>subdivision 2.<br/>
<a id="pl.1.4"></a><var>1.4</var>BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:<br/>
<br/>
<a id="bill.0.1.0"></a><a id="pl.1.5"></a><var>1.5</var>    Section 1. Minnesota Statutes 2010, section 12A.07, subdivision 2, is amended to read:<br/>
<a id="pl.1.6"></a><var>1.6</var>    Subd. 2. <b>Assistance.</b> Criteria and requirements must be locally established with <br/>
<a id="pl.1.7"></a><var>1.7</var>the approval of the commissioner. Local plans must specify the type of assistance to <br/>
<a id="pl.1.8"></a><var>1.8</var>be provided to eligible organizations. Within the limits of the available grant amounts, <br/>
<a id="pl.1.9"></a><var>1.9</var>assistance may be provided as loans with or without interest and as forgivable loans. The <br/>
<a id="pl.1.10"></a><var>1.10</var>criteria must, at a minimum, specify that an organization receiving a forgivable loan must <br/>
<a id="pl.1.11"></a><var>1.11</var>remain in the local community a minimum of ten years after the date of the loan. Loans <br/>
<a id="pl.1.12"></a><var>1.12</var>made under this section must not be used to refinance debt that existed on the date of the <br/>
<a id="pl.1.13"></a><var>1.13</var>disaster. Repayment of loan amounts is made to the local community. Criteria must <br/>
<a id="pl.1.14"></a><var>1.14</var>require that an estimate be made of the physical and economic damages suffered by each <br/>
<a id="pl.1.15"></a><var>1.15</var>disaster aid applicant, and must not allow for aid to any applicant who had no damages.<br/>
<a id="pl.1.16"></a><var>1.16</var><b>EFFECTIVE DATE.</b>This section is effective the day following final enactment, <br/>
<a id="pl.1.17"></a><var>1.17</var>and applies to any local plans created after that date.<br/>