Minnesota Legislature
Office of the Revisor of Statutes
Minnesota Session Laws - 1996, Regular Session
Key: (1) language to be deleted (2) new language
KEY: stricken = old language to be removed
underscored = new language to be added
CHAPTER 362-H.F.No. 2415
An act relating to housing; making technical and
policy changes to the low-income housing tax credit
program; modifying procedures for allocating bonding
authority to cities for single-family housing; making
technical corrections; amending Minnesota Statutes
1994, sections 462A.222, subdivisions 1, 1a, 3, and 4;
462A.223, subdivision 2; 462C.05, by adding a
subdivision; 474A.061, subdivision 2b; 474A.131,
subdivisions 1 and 1a; and 474A.14; Minnesota Statutes
1995 Supplement, sections 474A.061, subdivisions 2a
and 2c; and 474A.091, subdivision 3; proposing coding
for new law in Minnesota Statutes, chapter 474A.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. Minnesota Statutes 1994, section 462A.222,
subdivision 1, is amended to read:
Subdivision 1. [CREDIT RESERVATIONS.] The agency shall
reserve a portion of the annual state ceiling for low-income
housing credits provided under section 42 of the Internal
Revenue Code of 1986, as amended, to (1) cities with a
population of at least 50,000 that have a housing and
redevelopment authority; (2) cities located in three or more
counties that have a housing and redevelopment authority; and
(3) counties with a population of 100,000 or more that have a
housing and redevelopment authority. A city or county is
eligible to receive a reserved portion of the state ceiling
under this subdivision if it submits a written request to the
agency within 45 days after June 2, 1987, to act as a designated
housing credit agency as provided in section 42 of the Internal
Revenue Code of 1986, as amended. A city or county may
designate its housing and redevelopment authority as the agency
to receive reserved low-income housing credits on behalf of the
city or county. The city of Minneapolis or the city of Saint
Paul may designate the Minneapolis/Saint Paul housing finance
board to receive reserved low-income housing credits on behalf
of each city.
Sec. 2. Minnesota Statutes 1994, section 462A.222,
subdivision 1a, is amended to read:
Subd. 1a. [DETERMINATION OF REGIONAL CREDIT POOLS.] The
agency shall divide the annual per capita amount used in
determining the state ceiling for low-income housing tax credits
provided under section 42 of the Internal Revenue Code of 1986,
as amended through December 31, 1989, into a metropolitan pool
and a greater Minnesota pool. The metropolitan pool shall serve
the metropolitan area as defined in section 473.121, subdivision
2. The greater Minnesota pool shall serve the remaining
counties of the state. The percentage of the annual per capita
amount allotted to each pool must be determined as follows:
(a) The percentage set-aside for projects involving a
qualified nonprofit organization as provided in section 42 of
the Internal Revenue Code of 1986, as amended through December
31, 1989, must be deducted from the annual per capita amount
used in determining the state ceiling.
(b) Of the remaining amount, the metropolitan pool must be
allotted a percentage equal to the metropolitan counties'
percentage of the total number of state recipients of: aid to
families with dependent children, general assistance, Minnesota
supplemental aid, and supplemental security income in the state,
as reported annually by the department of human services. The
greater Minnesota pool must be allotted the amount remaining
after the metropolitan pool's percentage has been allotted.
The set-aside for qualified nonprofit organizations must be
divided between the two regional pools in the same percentage as
determined for the credit amounts above.
Sec. 3. Minnesota Statutes 1994, section 462A.222,
subdivision 3, is amended to read:
Subd. 3. [ALLOCATION PROCEDURE.] (a) Projects will be
awarded tax credits in three competitive rounds on an annual
basis. The date for applications for each round must be
determined by the agency. No allocating agency may award tax
credits prior to the application dates established by the agency.
(b) Each allocating agency must meet the requirements of
section 42(m) of the Internal Revenue Code of 1986, as amended
through December 31, 1989, for the allocation of tax credits and
the selection of projects.
(c) For projects that are eligible for an allocation of
credits pursuant to section 42(h)(4) of the Internal Revenue
Code of 1986, as amended, tax credits may only be allocated if
the project satisfies the requirements of the allocating
agency's qualified allocation plan. For projects that are
eligible for an allocation of credits pursuant to section
42(h)(4) of the Internal Revenue Code of 1986, as amended, for
which the agency is the issuer of the bonds for the project, or
the issuer of the bonds for the project is located outside the
jurisdiction of a city or county that has received reserved tax
credits, the applicable allocation plan is the agency's
qualified allocation plan.
(d) For applications submitted for the first round, an
allocating agency may allocate tax credits only to the following
types of projects:
(1) in the metropolitan area:
(i) new construction or substantial rehabilitation of
projects in which, for the term of the extended use period, at
least 75 percent of the total tax credit units are single-room
occupancy, efficiency, or one bedroom units and which are
affordable by households whose income does not exceed 30 percent
of the median income;
(ii) new construction or substantial rehabilitation family
housing projects that are not restricted to persons who are 55
years of age or older and in which, for the term of the extended
use period, at least 75 percent of the tax credit units contain
two or more bedrooms and at least one-third of the 75 percent
contain three or more bedrooms; or
(iii) substantial rehabilitation projects in neighborhoods
targeted by the city for revitalization;
(2) outside the metropolitan area, projects which meet a
locally identified housing need and which are in short supply in
the local housing market as evidenced by credible data submitted
with the application;
(3) projects that are not restricted to persons of a
particular age group and in which, for the term of the extended
use period, a percentage of the units are set aside and rented
to persons:
(i) with a serious and persistent mental illness as defined
in section 245.462, subdivision 20, paragraph (c);
(ii) with a developmental disability as defined in United
States Code, title 42, section 6001, paragraph (5), as amended
through December 31, 1990;
(iii) who have been assessed as drug dependent persons as
defined in section 254A.02, subdivision 5, and are receiving or
will receive care and treatment services provided by an approved
treatment program as defined in section 254A.02, subdivision 2;
(iv) with a brain injury as defined in section 256B.093,
subdivision 4, paragraph (a); or
(v) with permanent physical disabilities that substantially
limit one or more major life activities, if at least 50 percent
of the units in the project are accessible as provided under
Minnesota Rules, chapter 1340;
(4) projects which preserve existing subsidized housing
which is subject to prepayment if the use of tax credits is
necessary to prevent conversion to market rate use; or
(5) projects financed by the Farmers Home Administration,
or its successor agency, which meet statewide distribution goals.
(d) (e) Before the date for applications for the second
round, the allocating agencies other than the agency shall
return all uncommitted and unallocated tax credits to the pool
from which they were allocated, along with copies of any
allocation or commitment. In the second round, the agency shall
allocate the remaining credits from the regional pools to
projects from the respective regions.
(e) (f) In the third round, all unallocated tax credits
must be transferred to a unified pool for allocation by the
agency on a statewide basis.
(f) (g) Unused portions of the state ceiling for low-income
housing tax credits reserved to cities and counties for
allocation may be returned at any time to the agency for
allocation.
(h) If an allocating agency determines, at any time after
the initial commitment or allocation for a specific project,
that a project is no longer eligible for all or a portion of the
low-income housing tax credits committed or allocated to the
project, the credits must be transferred to the agency to be
reallocated pursuant to the procedures established in paragraphs
(e) to (g); provided that if the tax credits for which the
project is no longer eligible are from the current year's annual
ceiling and the allocating agency maintains a waiting list, the
allocating agency may continue to commit or allocate the credits
until not later than October 1, at which time any uncommitted
credits must be transferred to the agency.
Sec. 4. Minnesota Statutes 1994, section 462A.222,
subdivision 4, is amended to read:
Subd. 4. [DISTRIBUTION PLAN.] (a) By October 1, 1990, the
metropolitan council, in consultation with the agency and
representatives of local government and housing and
redevelopment authorities, shall develop and submit to the
agency a plan for allocating tax credits in 1991 and thereafter
in the metropolitan area, based on regional housing needs and
priorities. The agency may amend the distribution plan after
consultation with the metropolitan council, representatives of
local governments, and housing and redevelopment authorities.
(b) By October 1, 1990, the agency, in consultation with
representatives of local government and housing and
redevelopment authorities, shall develop a plan for allocating
tax credits in 1991 and thereafter in greater Minnesota, based
on regional housing needs and priorities. The agency may amend
the distribution plan after consultation with representatives of
local governments and housing and redevelopment authorities.
(c) In preparing the distribution plans, the metropolitan
council and the agency shall estimate the number of households
in the metropolitan area and in greater Minnesota, respectively,
who are paying more than 50 percent of their income for rent and
the cost of providing sufficient rental or other assistance so
that no household pays more than 50 percent of its income for
rent. In addition, the metropolitan council and the agency
shall identify the nature and scope of existing programs which
primarily serve families at 60 percent of the median income and
individuals at 30 percent of the median income. In preparing
the estimate, the metropolitan council and the agency shall rely
on existing and available data and shall report the results to
the legislature no later than January 31, 1991.
Sec. 5. Minnesota Statutes 1994, section 462A.223,
subdivision 2, is amended to read:
Subd. 2. [DESIGNATED AGENCY.] The agency is designated as
a housing credit agency to allocate the portion of the state
ceiling for low-income housing tax credits (1) not reserved to
cities and counties under section 462A.222; (2) not accepted for
allocation by eligible cities and counties; (3) returned to the
agency for allocation; and (4) not otherwise reserved to the
agency for allocation under subdivision 1. Low-income housing
tax credits shall be allocated by the agency as provided in
section 462A.222. The agency shall make no allocation for
projects located within the jurisdiction of the cities or
counties that have received tax credits under section 462A.222,
subdivision 1, except from the percentage set-aside for projects
involving a qualified nonprofit organization as provided under
section 42 of the Internal Revenue Code of 1986, as amended
through December 31, 1989, until the amounts reserved to the
cities and counties for allocation have been allocated or
committed or returned to the agency for allocation. In order
that all of a project's credits are allocated by a single
allocating agency, the agency may reserve additional tax credits
to a city or county that has received tax credits under section
462A.222, subdivision 1, for a project that has already received
a commitment or allocation of tax credits from an eligible city
or county, if all of the tax credits reserved to the eligible
city or county have been committed or allocated.
Sec. 6. Minnesota Statutes 1994, section 462C.05, is
amended by adding a subdivision to read:
Subd. 6a. [QUALIFIED ALLOCATION PLAN
REQUIREMENT.] Multifamily housing developments described in
subdivision 1 for which an application is submitted for
low-income housing tax credits provided under section 42 of the
Internal Revenue Code of 1986, as amended, must also satisfy the
qualified allocation plan applicable to the area in which the
project is located.
Sec. 7. [474A.025] [DEADLINE DATES AND TIMES.]
All applications, notices, and other materials required to
be filed or submitted to the department pursuant to this chapter
must be received by the department no later than 4:30 p.m. on
the deadline day or date. When an application, notice, or other
required material is required to be filed or submitted to the
department on or before a prescribed day or date and the
prescribed day or date falls on a Saturday, Sunday, or legal
holiday, it is timely filed or submitted if it is received by
the department by 4:30 p.m. on the next succeeding day which is
not a Saturday, Sunday, or legal holiday.
Sec. 8. Minnesota Statutes 1995 Supplement, section
474A.061, subdivision 2a, is amended to read:
Subd. 2a. [HOUSING POOL ALLOCATION.] (a) On the first
business day that falls on a Monday of the calendar year and the
first Monday in February, the commissioner shall allocate
available bonding authority in the housing pool to applications
received by the Monday of the previous week for residential
rental projects that are not restricted to persons who are 55
years of age or older and that meet the eligibility criteria
under section 474A.047. If an issuer that receives an
allocation under this paragraph does not issue obligations equal
to all or a portion of the allocation received within 120 days
of the allocation or returns the allocation to the commissioner,
the amount of the allocation is canceled and returned for
reallocation through the housing pool.
(b) After February 1, and through February 15, the
Minnesota housing finance agency may accept applications from
cities for single-family housing programs which meet program
requirements as follows:
(1) the housing program must meet a locally identified
housing need and be economically viable;
(2) the adjusted income of home buyers may not exceed the
greater of the agency's income limits or 80 percent of the area
median income as published by the Department of Housing and
Urban Development;
(3) house price limits may not exceed:
(i) the greater of agency house price limits or the federal
price limits for housing up to a maximum of $95,000; or
(ii) for a new construction affordability initiative, the
greater of 115 percent of agency house price limits or 90
percent of the median purchase price in the city for which the
bonds are to be sold up to a maximum of $95,000.
Data establishing the median purchase price in the city
must be included in the application by a city requesting house
price limits higher than the housing finance agency's house
price limits; and
(4) an application deposit equal to one percent of the
requested allocation must be submitted with the city's signed
allocation agreement before the agency forwards the list
specifying the amounts allocated to the commissioner under
paragraph (c). The agency shall submit the city's application
and application deposit to the commissioner when requesting an
allocation from the housing pool.
Applications by a consortium shall include the name of each
member of the consortium and the amount of allocation requested
by each member.
The Minnesota housing finance agency may accept
applications from June 15 through June 30 from cities for
single-family housing programs which meet program requirements
specified under clauses (1) to (4) if bonding authority is
available in the housing pool. The agency must allot available
bonding authority. For purposes of paragraphs (a) to (d) (g),
"city" means a county or a consortium of local government units
that agree through a joint powers agreement to apply together
for single-family housing programs, and has the meaning given it
in section 462C.02, subdivision 6. "Agency" means the Minnesota
housing finance agency.
(c) The total amount of allocation for mortgage bonds for
one city is limited to the lesser of: (i) the amount requested,
or (ii) the product of the total amount available for mortgage
bonds from the housing pool, multiplied by the ratio of each
applicant's population as determined by the most recent estimate
of the city's population released by the state demographer's
office to the total of all the applicants' population, except
that each applicant shall be allocated a minimum of $100,000
regardless of the amount requested or the amount determined
under the formula in clause (ii). If a city applying for an
allocation is located within a county that has also applied for
an allocation, the city's population will be deducted from the
county's population in calculating the amount of allocations
under this paragraph.
Upon determining the amount of each applicant's allocation,
the agency shall forward a list specifying the amounts allotted
to each application and application deposit checks to the
commissioner.
(d) The agency may issue bonds on behalf of participating
cities. The agency shall request an allocation from the
commissioner for all applicants who choose to have the agency
issue bonds on their behalf and the commissioner shall allocate
the requested amount to the agency. The agency may request an
allocation at any time after the first Monday in February and
through the last Monday in July, but may request an allocation
no later than the last Monday in July. The commissioner shall
return any application deposit to a city that paid an
application deposit under paragraph (a) (b), clause (4), but was
not part of the agreement list forwarded to the commissioner
under this paragraph (c).
(e) A city may choose to issue bonds on its own behalf or
through a joint powers agreement or may use bonding authority
for mortgage credit certificates and may request an allocation
from the commissioner. If the total amount requested by all
applicants exceeds the amount available in the pool, the city
may not receive a greater allocation than the amount it would
have received under the agreement list forwarded by the
Minnesota housing finance agency to the commissioner. No city
may request or receive an allocation from the commissioner until
the list under paragraph (c) has been forwarded to the
commissioner. A city must request an allocation from the
commissioner no later than 14 days before the unified pool is
created pursuant to section 474A.091, subdivision 1. On and
after the first Monday in February and through the last Monday
in July, no city may receive an allocation from the housing pool
which has not first applied to the Minnesota housing finance
agency. The commissioner shall allocate the requested amount to
the city or cities subject to the limitations under this
paragraph.
If a city issues mortgage bonds from an allocation received
under this paragraph (d), the issuer must provide for the
recycling of funds into new loans. If the issuer is not able to
provide for recycling, the issuer must notify the commissioner
in writing of the reason that recycling was not possible and the
reason the issuer elected not to have the Minnesota housing
finance agency issue the bonds. "Recycling" means the use of
money generated from the repayment and prepayment of loans for
further eligible loans or for the redemption of bonds and the
issuance of current refunding bonds.
(f) No entitlement city or county or city in an entitlement
county may apply for or be allocated authority to issue bonds or
use mortgage credit certificates from the housing pool.
(g) A city that does not use at least 50 percent of their
allotment by the date applications are due for the first
allocation that is made from the housing pool for single-family
housing programs in the immediately succeeding calendar year may
not apply to the housing pool for a single-family mortgage bond
or mortgage credit certificate program allocation or receive an
allotment from the housing pool in the succeeding two calendar
years. Each local government unit in a consortium must meet the
requirements of this paragraph.
Sec. 9. Minnesota Statutes 1994, section 474A.061,
subdivision 2b, is amended to read:
Subd. 2b. [SMALL ISSUE POOL ALLOCATION.] From the
beginning of the calendar year On the first Monday in January
that is a business day through the last Monday in July, the
commissioner shall allocate available bonding authority from the
small issue pool on Monday of each week to applications received
on or before the Monday of the preceding week. The amount of
allocation provided to an issuer for a specific manufacturing
project will be based on the number of points received for the
proposed project under the scoring system under section
474A.045. Proposed projects that receive 50 points or more are
eligible for all of the proposed allocation. Proposed projects
that receive less than 50 points are eligible to receive a
proportionally reduced share of the proposed authority, based
upon the number of points received.
If there are two or more applications for manufacturing
projects from the small issue pool and there is insufficient
bonding authority to provide allocations for all projects in any
one week, the available bonding authority shall be awarded based
on the number of points awarded a project under section
474A.045, with those projects receiving the greatest number of
points receiving allocation first. If two or more applications
receive an equal number of points, available bonding authority
shall be awarded by lot unless otherwise agreed to by the
respective issuers.
Sec. 10. Minnesota Statutes 1995 Supplement, section
474A.061, subdivision 2c, is amended to read:
Subd. 2c. [PUBLIC FACILITIES POOL ALLOCATION.] From the
beginning of the calendar year and continuing for a period of
120 days, the commissioner shall reserve $5,000,000 of the
available bonding authority from the public facilities pool for
applications for public facilities projects to be financed by
the Western Lake Superior Sanitary District. From the beginning
of the calendar year On the first Monday in January that is a
business day through the last Monday in July, the commissioner
shall allocate available bonding authority from the public
facilities pool on Monday of each week to applications for
eligible public facilities projects received on or before the
Monday of the preceding week. If there are two or more
applications for public facilities projects from the pool and
there is insufficient available bonding authority to provide
allocations for all projects in any one week, the available
bonding authority shall be awarded by lot unless otherwise
agreed to by the respective issuers.
Sec. 11. Minnesota Statutes 1995 Supplement, section
474A.091, subdivision 3, is amended to read:
Subd. 3. [ALLOCATION PROCEDURE.] (a) The commissioner
shall allocate available bonding authority under this section on
the Monday of every other week beginning with the first Monday
in August through and on the last Monday in November.
Applications for allocations must be received by the department
by the Monday preceding the Monday on which allocations are to
be made. If a Monday falls on a holiday, the allocation will be
made or the applications must be received by the next business
day after the holiday.
(b) On or before September 1, allocations shall be awarded
from the unified pool in the following order of priority:
(1) applications for enterprise zone facility bonds;
(2) applications for small issue bonds;
(3) applications for mortgage residential rental project
bonds;
(4) applications for public facility projects funded by
public facility bonds;
(5) applications for redevelopment bonds;
(6) applications for residential rental project mortgage
bonds; and
(7) applications for governmental bonds.
Allocations for residential rental projects may only be
made during the first allocation in August. The amount of
allocation provided to an issuer for a specific manufacturing
project will be based on the number of points received for the
proposed project under the scoring system under section 474A.045.
Proposed manufacturing projects that receive 50 points or more
are eligible for all of the proposed allocation. Proposed
manufacturing projects that receive less than 50 points under
section 474A.045 are only eligible to receive a proportionally
reduced share of the proposed authority, based upon the number
of points received. If there are two or more applications for
manufacturing projects from the unified pool and there is
insufficient bonding authority to provide allocations for all
manufacturing projects in any one allocation period, the
available bonding authority shall be awarded based on the number
of points awarded a project under section 474A.045 with those
projects receiving the greatest number of points receiving
allocation first. If two or more applications receive an equal
amount of points, available bonding authority shall be awarded
by lot unless otherwise agreed to by the respective issuers.
(c)(1) On the first Monday in August, $5,000,000 of bonding
authority is reserved within the unified pool for agricultural
development bond loan projects of the Minnesota rural finance
authority and $20,000,000 of bonding authority or an amount
equal to the total annual amount of bonding authority allocated
to the small issue pool under section 474A.03, subdivision 1,
less the amount allocated to issuers from the small issue pool
for that year, whichever is less, is reserved within the unified
pool for small issue bonds. On the first Monday in
September through the last Monday in November, $2,500,000 of
bonding authority or an amount equal to the total annual amount
of bonding authority allocated to the public facilities pool
under section 474A.03, subdivision 1, less the amount allocated
to issuers from the public facilities pool for that year,
whichever is less, is reserved within the unified pool for
public facility bonds. If sufficient bonding authority is not
available to reserve the required amounts for manufacturing
projects and agricultural development bond loan projects, the
remaining available bonding authority must be distributed
between the two reservations on a pro rata basis, based upon the
amounts each would have received if sufficient authority was
available.
(2) The total amount of allocations for mortgage bonds from
the housing pool and the unified pool may not exceed:
(i) $10,000,000 for any one city; or
(ii) $20,000,000 for any number of cities in any one county.
An allocation for mortgage bonds may be used for mortgage
credit certificates.
(d) After September 1, allocations shall be awarded from
the unified pool only for the following types of qualified bonds:
small issue bonds, public facility bonds to finance publicly
owned facility projects, residential rental project bonds, and
enterprise zone facility bonds.
(d) If there is insufficient bonding authority to fund all
projects within any qualified bond category, allocations shall
be awarded by lot unless otherwise agreed to by the respective
issuers. If an application is rejected, the commissioner must
notify the applicant and return the application deposit to the
applicant within 30 days unless the applicant requests in
writing that the application be resubmitted. The granting of an
allocation of bonding authority under this section must be
evidenced by issuance of a certificate of allocation.
Sec. 12. Minnesota Statutes 1994, section 474A.131,
subdivision 1, is amended to read:
Subdivision 1. [NOTICE OF ISSUE.] Each issuer that issues
bonds with an allocation received under this chapter shall
provide a notice of issue to the department on forms provided by
the department stating:
(1) the date of issuance of the bonds;
(2) the title of the issue;
(3) the principal amount of the bonds;
(4) the type of qualified bonds under federal tax law; and
(5) the dollar amount of the bonds issued that were subject
to the annual volume cap.
For obligations that are issued as a part of a series of
obligations, a notice must be provided for each series. Any
issue of obligations for which a notice of issue is not provided
to the department within five days after issuance or before the
last Monday in December, whichever occurs first, is deemed not
to have received an allocation under this law or under federal
tax law. Within 30 days after receipt of a notice of issue the
department shall refund a portion of the application deposit
equal to one percent of the amount of the bonding authority
actually issued if a one percent application deposit was made,
or equal to two percent of the amount of the bonding authority
actually issued if a two percent application deposit was made.
Sec. 13. Minnesota Statutes 1994, section 474A.131,
subdivision 1a, is amended to read:
Subd. 1a. [CERTIFICATE OF NOTICE.] If an allocation
received under this chapter is used for mortgage credit
certificates, a certificate notice must be submitted to the
department on forms provided by the department stating the date
of the filing of the election not to issue bonds as provided
under section 25, paragraph (c), of the Internal Revenue Code
and the amount of allocation authority to be used under the
program.
A mortgage credit certificate program for which a
certificate notice is not provided to the department within five
days of the date of the filing of the election not to issue
bonds or before the last Monday in December, whichever occurs
first, is considered not to have received an allocation under
this law or under federal tax law. Within 30 days after receipt
of a certificate notice the department shall refund a portion of
the application deposit equal to one percent of the amount of
the bonding authority to be used for the mortgage credit
certificate program.
Sec. 14. Minnesota Statutes 1994, section 474A.14, is
amended to read:
474A.14 [NOTICE OF AVAILABLE AUTHORITY.]
The department shall publish in the State Register a notice
of the amount of bonding authority in the housing, small issue,
and public facilities pools as soon after January 1 as
possible. The department shall publish in the State Register a
notice of the amount of bonding authority available for
allocation in the unified pool as soon after September August 1
as possible.
Sec. 15. [EXCEPTION TO SINGLE-FAMILY MORTGAGE BOND
ALLOCATION USAGE TEST.]
Notwithstanding Minnesota Statutes, section 474A.061,
subdivision 2a, paragraph (g), a city that received an allotment
of bonding authority from the housing pool in 1995 and had not
used at least 50 percent of its allotment by January 31, 1996,
may apply to the housing pool for a single-family mortgage bond
or mortgage credit certificate program allocation or receive an
allotment from the housing pool in 1997. This section applies
to each local government unit in a consortium which received an
allotment in 1995 from the housing pool.
Sec. 16. [EFFECTIVE DATE.]
Sections 1 to 6 are effective the day following final
enactment.
Presented to the governor March 19, 1996
Signed by the governor March 21, 1996, 2:18 p.m.
Official Publication of the State of Minnesota
Revisor of Statutes