Minnesota Session Laws - 1989, Regular Session

  

                         Laws of Minnesota 1989 

                        CHAPTER 79-H.F.No. 1351 
           An act relating to local government; permitting the 
          Dakota and Washington county housing and redevelopment 
          authorities to waive performance bonds for single 
          family housing construction; amending Laws 1971, 
          chapter 333; and Laws 1974, chapter 475. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  Laws 1971, chapter 333, is amended by adding a 
section to read: 
    Sec. 3a.  [PERFORMANCE BONDS; DAKOTA COUNTY HOUSING AND 
REDEVELOPMENT AUTHORITY.] 
    Notwithstanding Minnesota Statutes, section 469.015, 
subdivision 3, a performance bond is not required for any works 
of single family housing construction undertaken by the 
authority if the authority determines that the cost of a 
performance bond is greater than the benefit of the bond. 
    Sec. 2.  Laws 1974, chapter 475, is amended by adding a 
section to read: 
    Sec. 2a.  [PERFORMANCE BONDS; WASHINGTON COUNTY HOUSING AND 
REDEVELOPMENT AUTHORITY.] 
    Notwithstanding Minnesota Statutes, section 469.015, 
subdivision 3, a performance bond is not required for any works 
of single family housing construction undertaken by the 
authority if the authority determines that the cost of a 
performance bond is greater than the benefit of the bond. 
    Sec. 3.  [EFFECTIVE DATE.] 
    Section 1 is effective the day after compliance with 
Minnesota Statutes, section 645.021, subdivision 3, by the 
governing body of the Dakota county housing and redevelopment 
authority. 
    Section 2 is effective the day after compliance with 
Minnesota Statutes, section 645.021, subdivision 3, by the 
governing body of the Washington county housing and 
redevelopment authority. 
    Presented to the governor May 5, 1989 
    Signed by the governor May 8, 1989, 6:37 p.m.