Minnesota Session Laws - 1985, Regular Session

  

                         Laws of Minnesota 1985 

                        CHAPTER 106-S.F.No. 1411
           An act relating to the city of Bemidji; permitting the 
          city to contribute to a community seed capital fund. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [BEMIDJI; SEED CAPITAL.] 
    The governing body of the city of Bemidji may appropriate 
money to a community seed capital fund to be disbursed to assist 
the economic development of the city and its neighboring area.  
The fund may be one established and administered separately by 
the city or one conducted in cooperation with other public 
authorities and private contributors on conditions the city 
determines are appropriate. 
    Sec. 2.  [LOCAL APPROVAL.] 
    This act is effective the day after compliance with 
Minnesota Statutes, section 645.021, subdivision 3, by the 
governing body of the city of Bemidji. 
    Approved May 10, 1985