HF 499

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to the military; creating a program that
provides interest-free loans to certain members of the
Minnesota National Guard or other military reserve
units called to federal active service and deployed
outside of the United States; amending Minnesota
Statutes 2004, section 192.501, by adding a
subdivision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2004, section 192.501, is
amended by adding a subdivision to read:

new text begin Subd. 2a. new text end

new text begin Interest-free loan for foreign deployment. new text end

new text begin (a)
The adjutant general shall establish a program to provide an
interest-free loan from the state in the amount of $2,000 for
each month of deployment described in paragraph (b), clause (1),
to each eligible soldier within the limitations of this
subdivision.
new text end

new text begin (b) Eligibility is limited to a member of the Minnesota
National Guard or other reserve components of the armed forces
of the United States who:
new text end

new text begin (1) engaged in a deployment under federal active service as
defined in section 190.05, subdivision 5c, for at least 90
consecutive days to a location outside of the United States;
new text end

new text begin (2) is serving satisfactorily as defined by the adjutant
general or was honorably discharged following completion of the
deployment;
new text end

new text begin (3) submits an application under the procedures established
by the adjutant general within eight months of completion of the
deployment; and
new text end

new text begin (4) was a resident of Minnesota when the deployment began.
new text end

new text begin In addition, if the eligible member is killed during the
overseas deployment, the member's surviving spouse is eligible
for an interest-free loan under this subdivision.
new text end

new text begin The adjutant general may, within the limitations of this
paragraph and other applicable laws, determine additional
eligibility criteria for the loan, and must specify the criteria
in department rules.
new text end

new text begin (c) The maximum amount of a loan under this subdivision is
$24,000.
new text end

new text begin (d) Loans made under this subdivision must be repaid within
30 years of the date of the origin of the loan.
new text end