SF 2007

as introduced - 91st Legislature (2019 - 2020) Posted on 03/05/2019 09:19am

A bill for an act
relating to economic development; modifying local match requirements for
redevelopment grants; appropriating money for the redevelopment program;
amending Minnesota Statutes 2018, section 116J.575, subdivision 3.

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

Section 1.

Minnesota Statutes 2018, section 116J.575, subdivision 3, is amended to read:

Subd. 3.

Match required.

In order to qualify for a grant under sections 116J.571 to
116J.575, the municipality must pay for at least one-half of the redevelopment costs as a
local match from any money available to the municipality new text begin . Grants made for sites located
outside of the metropolitan area require at least one-quarter of the redevelopment costs as
a local match new text end .

Sec. 2. new text begin REDEVELOPMENT PROGRAM; APPROPRIATION.
new text end

new text begin $10,000,000 in fiscal year 2020 is appropriated from the general fund to the commissioner
of employment and economic development for the redevelopment program under Minnesota
Statutes, section 116J.571. This is a onetime appropriation and is available in either year
of the biennium.
new text end