HF 2283

as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to economic development; modifying local 
  1.3             economic development authority powers; clarifying 
  1.4             local conflict of interest provisions; amending 
  1.5             Minnesota Statutes 1994, sections 13.99, subdivision 
  1.6             97a; 469.102, subdivision 2; 469.106; 469.107, by 
  1.7             adding a subdivision; 469.174, subdivision 2; 469.191; 
  1.8             and 471.88, subdivision 14; Minnesota Statutes 1995 
  1.9             Supplement, section 216B.161, subdivision 1; repealing 
  1.10            Minnesota Statutes 1994, sections 13.99, subdivision 
  1.11            97; and 469.150. 
  1.12  BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.13     Section 1.  Minnesota Statutes 1994, section 13.99, 
  1.14  subdivision 97a, is amended to read: 
  1.15     Subd. 97a.  [ECONOMIC DEVELOPMENT DATA.] Access to 
  1.16  preliminary information submitted to the commissioner of trade 
  1.17  and economic development under sections 469.142 to 469.151 or 
  1.18  sections 469.152 to 469.165 is limited under sections 469.150 
  1.19  and section 469.154, subdivision 2. 
  1.20     Sec. 2.  Minnesota Statutes 1995 Supplement, section 
  1.21  216B.161, subdivision 1, is amended to read: 
  1.22     Subdivision 1.  [DEFINITIONS.] (a) For purposes of this 
  1.23  section, the following terms have the meanings given them in 
  1.24  this subdivision. 
  1.25     (b) "Area development rate" means a rate schedule 
  1.26  established by a utility that provides customers within an area 
  1.27  development zone service under a base utility rate schedule, 
  1.28  except that charges may be reduced from the base rate as agreed 
  2.1   upon by the utility and the customer consistent with this 
  2.2   section. 
  2.3      (c) "Area development zone" means a contiguous or 
  2.4   noncontiguous area designated by an authority or municipality 
  2.5   for development or redevelopment and within which one of the 
  2.6   following conditions exists: 
  2.7      (1) obsolete buildings not suitable for improvement or 
  2.8   conversion or other identified hazards to the health, safety, 
  2.9   and general well-being of the community; 
  2.10     (2) buildings in need of substantial rehabilitation or in 
  2.11  substandard condition; or 
  2.12     (3) low values and damaged investments. 
  2.13     (d) "Authority" means a rural development financing 
  2.14  authority established under sections 469.142 to 469.150 469.151; 
  2.15  a housing and redevelopment authority established under sections 
  2.16  469.001 to 469.047; a port authority established under sections 
  2.17  469.048 to 469.068; an economic development authority 
  2.18  established under sections 469.090 to 469.108; a redevelopment 
  2.19  agency as defined in sections 469.152 to 469.165; the iron range 
  2.20  resources and rehabilitation board established under section 
  2.21  298.22; a municipality that is administering a development 
  2.22  district created under sections 469.124 to 469.134 or any 
  2.23  special law; a municipality that undertakes a project under 
  2.24  sections 469.152 to 469.165, except a town located outside the 
  2.25  metropolitan area as defined in section 473.121, subdivision 2, 
  2.26  or with a population of 5,000 persons or less; or a municipality 
  2.27  that exercises the powers of a port authority under any general 
  2.28  or special law.  
  2.29     (e) "Municipality" means a city, however organized, and, 
  2.30  with respect to a project undertaken under sections 469.152 to 
  2.31  469.165, "municipality" has the meaning given in sections 
  2.32  469.152 to 469.165, and, with respect to a project undertaken 
  2.33  under sections 469.142 to 469.151 or a county or multicounty 
  2.34  project undertaken under sections 469.004 to 469.008, also 
  2.35  includes any county. 
  2.36     Sec. 3.  Minnesota Statutes 1994, section 469.102, 
  3.1   subdivision 2, is amended to read: 
  3.2      Subd. 2.  [DETAIL; MATURITY.] The authority with the 
  3.3   consent of its city's council shall set the date, denominations, 
  3.4   place of payment, form, and details of the bonds.  The bonds 
  3.5   must mature serially.  The first installment is due in not more 
  3.6   than three years and the last in not more than 20 30 years from 
  3.7   the date of issuance.  
  3.8      Sec. 4.  Minnesota Statutes 1994, section 469.106, is 
  3.9   amended to read: 
  3.10     469.106 [ADVANCES BY AUTHORITY.] 
  3.11     An authority may advance its general fund money or its 
  3.12  credit, or both, without interest, for the objects and purposes 
  3.13  of sections 469.090 to 469.108.  The advances must be repaid 
  3.14  from the sale or lease, or both, of developed or redeveloped 
  3.15  lands.  If the money advanced for the development or 
  3.16  redevelopment was obtained from the sale of the authority's 
  3.17  general obligation bonds, then the advances must have not less 
  3.18  than the average annual interest rate that is on the authority's 
  3.19  general obligation bonds that are outstanding at the time the 
  3.20  advances are made.  The authority may advance repaid money for 
  3.21  more objects and purposes of sections 469.090 to 469.108 subject 
  3.22  to repayment in the same manner.  The authority must still use 
  3.23  rentals of lands acquired with advanced money to collect and 
  3.24  maintain reserves to secure the payment of principal and 
  3.25  interest on revenue bonds issued to finance economic development 
  3.26  facilities, if the rentals have been pledged for that purpose 
  3.27  under section 469.103.  Advances made to acquire lands and to 
  3.28  construct facilities for recreation purposes if authorized by 
  3.29  law need not be reimbursed under this section.  Sections 469.090 
  3.30  to 469.108 do not exempt lands leased from the authority to a 
  3.31  private person, or entity from assessments or taxes against the 
  3.32  leased property while the lessee is liable for the assessments 
  3.33  or taxes under the lease. 
  3.34     Sec. 5.  Minnesota Statutes 1994, section 469.107, is 
  3.35  amended by adding a subdivision to read: 
  3.36     Subd. 3.  [USE OF MONEY.] A city may appropriate money from 
  4.1   the tax levy or any other source to be used by the authority to 
  4.2   carry out its powers as granted in sections 469.090 to 469.108. 
  4.3      Sec. 6.  Minnesota Statutes 1994, section 469.174, 
  4.4   subdivision 2, is amended to read: 
  4.5      Subd. 2.  [AUTHORITY.] "Authority" means a rural 
  4.6   development financing authority created pursuant to sections 
  4.7   469.142 to 469.150 469.151; a housing and redevelopment 
  4.8   authority created pursuant to sections 469.001 to 469.047; a 
  4.9   port authority created pursuant to sections 469.048 to 469.068; 
  4.10  an economic development authority created pursuant to sections 
  4.11  469.090 to 469.108; a redevelopment agency as defined in 
  4.12  sections 469.152 to 469.165; a municipality that is 
  4.13  administering a development district created pursuant to 
  4.14  sections 469.124 to 469.134 or any special law; a municipality 
  4.15  that undertakes a project pursuant to sections 469.152 to 
  4.16  469.165, except a town located outside the metropolitan area or 
  4.17  with a population of 5,000 persons or less; or a municipality 
  4.18  that exercises the powers of a port authority pursuant to any 
  4.19  general or special law.  
  4.20     Sec. 7.  Minnesota Statutes 1994, section 469.191, is 
  4.21  amended to read: 
  4.22     469.191 [CONTRIBUTIONS TO REGIONAL OR LOCAL ORGANIZATIONS.] 
  4.23     A home rule or statutory city or town described in section 
  4.24  368.01, subdivision 1 or 1a, may appropriate not more than 
  4.25  $50,000 annually money out of the general revenue fund of the 
  4.26  jurisdiction to be paid to any incorporated development society 
  4.27  or organization of this state for promoting, advertising, 
  4.28  improving, or developing the economic and agricultural resources 
  4.29  of the city or town. 
  4.30     Sec. 8.  Minnesota Statutes 1994, section 471.88, 
  4.31  subdivision 14, is amended to read: 
  4.32     Subd. 14.  [HOUSING AND REDEVELOPMENT AUTHORITY LOCAL 
  4.33  DEVELOPMENT ORGANIZATION.] (a) For the purposes of this 
  4.34  subdivision: 
  4.35     (1) "local development organization" means a housing and 
  4.36  redevelopment authority, economic development authority, 
  5.1   community action program, port authority, or private consultant; 
  5.2   and 
  5.3      (2) "government unit" has the meaning given in section 
  5.4   471.59, subdivision 1. 
  5.5      (b) When a county or multicounty housing and redevelopment 
  5.6   authority local development organization administers a loan or 
  5.7   grant program for individual residential property owners within 
  5.8   the geographical boundaries of a government unit by an agreement 
  5.9   entered into by the government unit and the housing and 
  5.10  redevelopment authority local development organization, an 
  5.11  officer of the government unit may apply for a loan or grant 
  5.12  from the housing and redevelopment authority local development 
  5.13  organization.  If an officer applies for a loan or grant, the 
  5.14  officer must disclose as part of the official minutes of a 
  5.15  public meeting of the governmental unit that the officer has 
  5.16  applied for a loan or grant. 
  5.17     Sec. 9.  [REPEALER.] 
  5.18     Minnesota Statutes 1994, sections 13.99, subdivision 97; 
  5.19  and 469.150, are repealed.