language to be deleted (2) new language
relating to economic development; modifying host community economic development grants;
amending Minnesota Statutes 2014, section 116J.548, subdivisions 2, 3.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
For purposes of this section:
(a) "Capital costs" means expenditures for the acquisition and betterment of public lands and buildings, and for other publicly owned capital improvements. Capital costs also include expenditures for predesign, design, engineering, and similar activities for specifically identified eligible projects.
(b) "Eligible project" means a development or redevelopment project that will generate economic development within a host community.
(c) "Economic development" means
an increase in the tax base,
the capacity of the eligible project to attract private investment, and
other objective criteria established by the commissioner that demonstrate a public benefit to the host community.
(d) "Host community" means a city located within the seven-county metropolitan area, as defined in section 473.121, subdivision 2, that is the site of a waste disposal facility that meets the standards in section 473.849, that accepts unprocessed mixed municipal solid waste generated in the metropolitan area.
Host communities may apply for a grant under this section on a form and in a manner prescribed by the commissioner. In awarding grants under this section, the commissioner shall give priority to eligible projects that, based on a cost-benefit analysis, provide the highest return on public investment. the commissioner must allocate available money between host communities as evenly as practicable.
Presented to the governor May 4, 2016
Signed by the governor May 6, 2016, 3:20 p.m.
Official Publication of the State of Minnesota
Revisor of Statutes