language to be deleted (2) new language
CHAPTER 148-H.F.No. 512 An act relating to municipalities; authorizing bankruptcy filing; proposing coding for new law in Minnesota Statutes, chapter 471. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. [471.831] [MUNICIPALITY MAY FILE BANKRUPTCY PETITION.] Subdivision 1. [ANY RELIEF UNDER BANKRUPTCY CODE.] A municipality, as defined in subdivision 2, may file a petition and seek any relief available to it under United States Code, title 11, as amended through December 31, 1996. Subd. 2. [MUNICIPALITY DEFINED.] In this section, "municipality" means a municipality as defined in United States Code, title 11, section 101, as amended through December 31, 1996, but limited to a county, statutory or home rule charter city, or town; or a housing and redevelopment authority, economic development authority, or rural development financing authority established under chapter 469, a home rule charter, or special law. Sec. 2. [EFFECTIVE DATE.] Section 1 is effective the day following its final enactment. Presented to the governor May 12, 1997 Signed by the governor May 13, 1997, 10:12 a.m.