as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to economic development; allowing use of the appropriation to include a
study of the business plans for international trade zones; amending Laws 2005,
First Special Session chapter 3, article 10, section 23.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Laws 2005, First Special Session chapter 3, article 10, section 23, is
amended to read:
$750,000 is appropriated in fiscal year 2006 from the general fund to the
commissioner of employment and economic development to be distributed to the
foreign trade zone authority to provide grants to qualified businesses as determined
by the authority, subject to Minnesota Statutes, sections 116J.993 to 116J.995, to
provide incentives for the businesses to locate their operations in an international
economic development zone. new text beginnew text end If the money is not distributed during fiscal
year 2006, it remains available for distribution under this section during fiscal year 2007.
new text begin new text end