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HF 986

2nd Engrossment - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Rtf

Current Version - 2nd Engrossment

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A bill for an act
 relating to economic development; redefining
low-income area for the purpose of the urban
initiative program; amending Minnesota Statutes 2004,
section 116M.14, subdivision 4.

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

Section 1.

Minnesota Statutes 2004, section 116M.14,
subdivision 4, is amended to read:


Subd. 4.

Low-income area.

"Low-income area" meansnew text begin :
new text end

new text begin (1) new text end Minneapolis, St. Pauldeleted text begin , and deleted text end new text begin ;
new text end

new text begin (2) new text end those cities in the metropolitan area as defined in
section 473.121, subdivision 2, that have an average income that
is below 80 percent of the median income for a four-person
family as of the latest report by the United States Census
Bureaunew text begin ; and
new text end

new text begin (3) those cities in the metropolitan area, which contain
two or more contiguous census tracts in which the average family
income is less than 80 percent of the median family income for
the Twin Cities metropolitan areanew text end .