Minnesota Session Laws - 2006, Regular Session

CHAPTER 276--S.F.No. 3260

An act

relating to biotechnology zones; authorizing the designation of additional biotechnology and health sciences industry zones;

amending Minnesota Statutes 2004, section 469.334, subdivisions 1, 4.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2004, section 469.334, subdivision 1, is amended to read:

Subdivision 1.

Commissioner to designate.

(a) The commissioner, in consultation with the commissioner of revenue and the director of the Office of Strategic and Long-Range Planning, shall designate deleted text begin not more than deleted text end one new text begin or more new text end biotechnology and health sciences industry zone. Priority must be given to applicants with a development plan that links a higher education/research institution with a biotechnology and health sciences industry facility.

(b) The commissioner may consult with the applicant prior to the designation of the zone. The commissioner may modify the development plan, including the boundaries of the zone or subzones, if in the commissioner's opinion a modified plan would better meet the objectives of the biotechnology and health sciences industry zone program. The commissioner shall notify the applicant of the modifications and provide a statement of the reasons for the modifications.

Sec. 2.

Minnesota Statutes 2004, section 469.334, subdivision 4, is amended to read:

Subd. 4.

Designation schedule.

(a) The schedule in paragraphs (b) to (e) applies to the designation of the new text begin first new text end biotechnology and health sciences industry zone.

(b) The commissioner shall publish the form for applications and any procedural, form, or content requirements for applications by no later than August 1, 2003. The commissioner may publish these requirements on the Internet, in the State Register, or by any other means the commissioner determines appropriate to disseminate the information to potential applicants for designation.

(c) Applications must be submitted by October 15, 2003.

(d) The commissioner shall designate the zones by no later than December 31, 2003.

(e) The designation of the zones takes effect January 1, 2004.

new text begin (f) Additional zones may be designated in later years, following substantially the same application and designation process as provided in paragraphs (b) to (e). new text end

Sec. 3.

new text begin EFFECTIVE DATE. new text end

new text begin This act is effective the day following final enactment. new text end

Presented to the governor May 22, 2006

Signed by the governor May 26, 2006, 5:16 p.m.