as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to Brown county; authorizing the formation of 1.3 a nonprofit corporation by Brown county. 1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.5 Section 1. [BROWN COUNTY ECONOMIC DEVELOPMENT 1.6 CORPORATION.] 1.7 (a) The Brown county board of commissioners may create a 1.8 nonprofit corporation under Minnesota Statutes, chapter 317A, 1.9 for the purposes of economic development and related activities. 1.10 (b) Beginning July 1, 1998: 1.11 (1) the board of the corporation must comply with Minnesota 1.12 Statutes, section 471.705, except that a meeting may be closed 1.13 when discussing information about a business if public 1.14 dissemination might divulge proprietary matters, or competitive 1.15 business strategies to the detriment of participating or 1.16 prospective businesses; 1.17 (2) the corporation must submit an annual budget and 1.18 independent audit to the county board that must be made 1.19 available to the public; and 1.20 (3) the corporation officers and employees are subject to 1.21 Minnesota Statutes, section 43A.17, subdivision 9, as if the 1.22 corporation were a political subdivision. 1.23 Sec. 2. [LOCAL APPROVAL.] 1.24 Section 1 is effective retroactive to July 10, 1990, upon 2.1 approval by the governing body of Brown county and compliance 2.2 with Minnesota Statutes, section 645.021, subdivision 3.