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HF 3561

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

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 03/15/2006

Current Version - as introduced

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A bill for an act
relating to biotechnology zones; authorizing the designation of additional
biotechnology and health sciences industry zones; amending Minnesota Statutes
2004, section 469.334, subdivisions 1, 4.

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

Section 1.

Minnesota Statutes 2004, section 469.334, subdivision 1, is amended to read:


Subdivision 1.

Commissioner to designate.

(a) The commissioner, in consultation
with the commissioner of revenue and the director of the Office of Strategic and
Long-Range Planning, shall designate deleted text begin not more thandeleted text end one new text begin or more new text end biotechnology and
health sciences industry zone. Priority must be given to applicants with a development
plan that links a higher education/research institution with a biotechnology and health
sciences industry facility.

(b) The commissioner may consult with the applicant prior to the designation of the
zone. The commissioner may modify the development plan, including the boundaries of
the zone or subzones, if in the commissioner's opinion a modified plan would better
meet the objectives of the biotechnology and health sciences industry zone program. The
commissioner shall notify the applicant of the modifications and provide a statement of
the reasons for the modifications.

Sec. 2.

Minnesota Statutes 2004, section 469.334, subdivision 4, is amended to read:


Subd. 4.

Designation schedule.

(a) The schedule in paragraphs (b) to (e) applies to
the designation of the new text begin first new text end biotechnology and health sciences industry zone.

(b) The commissioner shall publish the form for applications and any procedural,
form, or content requirements for applications by no later than August 1, 2003. The
commissioner may publish these requirements on the Internet, in the State Register, or by
any other means the commissioner determines appropriate to disseminate the information
to potential applicants for designation.

(c) Applications must be submitted by October 15, 2003.

(d) The commissioner shall designate the zones by no later than December 31, 2003.

(e) The designation of the zones takes effect January 1, 2004.

new text begin (f) Additional zones may be designated in later years, following substantially the
same application and designation process as provided in paragraphs (b) to (e).
new text end

Sec. 3. new text begin EFFECTIVE DATE.
new text end

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