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Minnesota Legislature

Office of the Revisor of Statutes

SF 2007

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

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

Current Version - as introduced

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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 municipalitynew 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 beginREDEVELOPMENT 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