as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 03/10/1999 |
1.1 A bill for an act 1.2 relating to economic development; providing for a 1.3 challenge grant for construction of a steel mill; 1.4 appropriating money. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [APPROPRIATION.] 1.7 $60,000,000 is appropriated from the general fund to the 1.8 commissioner of trade and economic development for a grant for 1.9 construction of a steel mill. The grant requires a matching 1.10 amount in gross payroll at the steel mill by the fourth year of 1.11 its operation. If the gross payroll at the steel mill is less 1.12 than $60,000,000 by the fourth year of its operation, the 1.13 difference must be returned by the grantee.