HF 1807

as introduced - 88th Legislature (2013 - 2014) Posted on 04/25/2013 10:18am

A bill for an act
relating to capital investment; establishing the Host Community Economic
Development grant program; appropriating money; authorizing the sale and
issuance of state bonds; proposing coding for new law in Minnesota Statutes,
chapter 116J.

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

Section 1.

new text begin [116J.548] HOST COMMUNITY ECONOMIC DEVELOPMENT.
new text end

new text begin Subdivision 1. new text end

new text begin Creation of account. new text end

new text begin A host community economic development
account is established in the bond proceeds fund. Money in this account may only be
spent for capital costs of an eligible project.
new text end

new text begin Subd. 2. new text end

new text begin Definitions. new text end

new text begin For purposes of this section:
new text end

new text begin (1) "Capital costs" means expenditures for the acquisition and betterment of public
lands and buildings, and for other publicly owned improvements of a capital nature.
Capital costs also include expenditures for predesign, design, engineering, and similar
activities for specifically identified eligible projects.
new text end

new text begin (2) "Eligible project" means a development or redevelopment project that will
generate economic development within a host community.
new text end

new text begin (3) "Economic development" means job creation, an increase in the tax base, the
capacity of the eligible project to attract private investment, and other objective criteria
established by the commissioner that demonstrate a public benefit to the host community.
new text end

new text begin (4) "Host community" means a city located within the seven-county metropolitan
area, as defined in section 473.121, subdivision 2, that is the site of a waste disposal
facility that meets the standards in section 473.849, that accepts unprocessed mixed
municipal solid waste generated in the metropolitan area.
new text end

new text begin Subd. 3. new text end

new text begin Application. new text end

new text begin Host communities may apply for a grant under this section
on a form and in a manner prescribed by the commissioner. In awarding grants under
this section, the commissioner shall give priority to eligible projects that, based on a
cost-benefit analysis, provide the highest return on public investment. The commissioner
must allocate available money between host communities as evenly as practicable.
new text end

new text begin Subd. 4. new text end

new text begin No match required. new text end

new text begin Notwithstanding section 16A.86, or any other law
to the contrary, the state share of a project covered by this section is intended to cover
100 percent of the total cost of the project.
new text end

new text begin Subd. 5. new text end

new text begin Rules. new text end

new text begin The commissioner shall adopt rules to implement and administer
the grant program under this section.
new text end

new text begin Subd. 6. new text end

new text begin Report. new text end

new text begin The commissioner must report to committees of the legislature
with jurisdiction over capital investment and economic development by February 15 of
each year on grants awarded under this section.
new text end

Sec. 2. new text begin APPROPRIATION.
new text end

new text begin $....... is appropriated from the bond proceeds fund to the commissioner of
employment and economic development for host community economic development
under Minnesota Statutes, section 116J.548.
new text end

Sec. 3. new text begin BOND SALE.
new text end

new text begin To provide the money appropriated in section 2 from the bond proceeds fund, the
commissioner of management and budget shall sell and issue bonds of the state in the
amount up to $....... in the manner, upon the terms, and with the effect prescribed by
Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota Constitution,
article XI, sections 4 to 7.
new text end

Sec. 4. new text begin EFFECTIVE DATE.
new text end

new text begin This act is effective the day following final enactment.
new text end