SF 953

1st Engrossment - 87th Legislature (2011 - 2012) Posted on 03/06/2012 02:41pm

A bill for an act
relating to economic development; providing for transition activities and
termination of a neighborhood revitalization program in a city of the first class;
amending Minnesota Statutes 2010, section 469.1831, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2010, section 469.1831, is amended by adding a
subdivision to read:

new text begin Subd. 9. new text end

new text begin Transition and termination requirements. new text end

new text begin (a) Notwithstanding any law,
charter, or ordinance to the contrary, termination of a neighborhood revitalization program
created by a city of the first class is subject to the requirements of this subdivision.
new text end

new text begin (b) Funds dedicated for neighborhood revitalization program activities under this
section and received by the neighborhood revitalization program prior to January 1, 2011,
any interest derived from those funds in the future, and program income derived from the
expenditure of any funds allocated to a neighborhood under an approved action plan, that
is retained by the neighborhood, the program, or the city may only be expended for a
purpose listed in subdivision 3, 4, or 5, and in accordance with the process required in
subdivision 6.
new text end

new text begin (c) When the agreement creating the policy board required under this section
terminates on or after December 31, 2011, the respective existing governing body
members of the policy board identified in the agreement shall continue to operate the
program under the terms of the agreement for the purpose of providing the functions and
oversight of the program required by subdivisions 4 to 7, subject to the requirements of
this subdivision. This continuation shall be in effect until all the contracts have been
transferred as described in paragraph (d).
new text end

new text begin (d) The policy board shall oversee and manage the development and implementation
of all contracts necessary and convenient for the implementation of neighborhood action
plans, and all administrative contracts necessary to conduct the required activities of the
policy board, until contracts have been entered into that obligate all remaining funds.
After the contracts have been executed, the board may transfer the duties and obligations
of the contract to another entity. After all contracts have been transferred, the city that
created the program may terminate the program. Prior to termination, the city and the
policy board shall provide for an orderly transition of program staff and duties.
new text end

new text begin EFFECTIVE DATE. new text end

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