Minnesota Session Laws - 1998, Regular Session

                            CHAPTER 292-S.F.No. 2574 
                  An act to regional development commissions; 
                  authorizing the headwaters regional development 
                  commission to establish a nonprofit housing 
                  corporation; proposing coding for new law in Minnesota 
                  Statutes, chapter 462. 
        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
           Section 1.  [462.3912] [REGIONAL HOUSING DEVELOPMENT.] 
           The headwaters regional development commission may 
        establish a not-for-profit corporation for the purposes of 
        increasing the supply of affordable housing and improving 
        opportunities for home ownership in development region two.  The 
        not-for-profit corporation may, among other things, acquire 
        land, accept grant and loan funds from the state and federal 
        governments, construct and rehabilitate housing units, and sell 
        or manage housing in the region. 
           Presented to the governor March 16, 1998 
           Signed by the governor March 18, 1998, 11:10 a.m.