1.1 	A bill for an act
1.2 	relating to economic development; requiring registration of certain relative 
1.3 	homesteads; appropriating money for a University of Minnesota area 
1.4 	neighborhood alliance;amending Minnesota Statutes 2006, section 273.124, by 
1.5 	adding a subdivision.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. Minnesota Statutes 2006, section 273.124, is amended by adding a 
1.8 	subdivision to read:
1.9 		Subd. 22.Annual registration of certain relative homesteads. If the owner of 
1.10 	property or the owner's relative who occupies property that is classified as a homestead 
1.11 	under subdivision 1, paragraph (c), receives compensation for allowing occupancy of any 
1.12 	part of that property for a period that exceeds 31 consecutive days during the calendar 
1.13 	year, the recipient of the compensation must register the property with the city in which 
1.14 	it is located no later than 60 days after the initial rental period began. This requirement 
1.15 	applies to property located in a city that has a population over 25,000. Each city must 
1.16 	maintain a file of these property registrations that is open to the public, and retain the 
1.17 	registrations for one year after the date of filing.

1.18 	EFFECTIVE DATE. This section is effective July 1, 2007.

1.19 	Sec. 2. UNIVERSITY OF MINNESOTA MINNEAPOLIS AREA 
1.20 	NEIGHBORHOOD ALLIANCE.
 1.21 		Subdivision 1.Definitions. (a) For purposes of this section, the following terms 
1.22 	have the meanings given them.
2.1 	(b) "Alliance" means a representative body of the constituencies, including, but 
2.2 	not limited to, the University of Minnesota, the city of Minneapolis, and the recognized 
2.3 	neighborhood organizations and business associations referenced in the report.
2.4 	(c) "Board" means the Board of Regents of the University of Minnesota.
2.5 	(d) "Report" means the report and appendix entitled Moving Forward Together: 
2.6 	University of Minnesota Minneapolis Area Neighborhood Impact Report, submitted to 
2.7 	the legislature in February 2007.
2.8 	(e) "University partnership district" or "district" means the area located within the 
2.9 	city that includes the neighborhoods of Cedar-Riverside, Marcy-Holmes, South East 
2.10 	Como, Prospect Park, and University, as they are defined by the city, and the university's 
2.11 	Minneapolis campus.
2.12 	(f) "University" means the University of Minnesota.
2.13 		Subd. 2.Alliance; functions. The alliance may facilitate, initiate, or manage 
2.14 	projects with the board, city, or other public or private entities that are intended to 
2.15 	maintain the university partnership district as a viable place to study, research, and live. 
2.16 	Projects may include, but not be limited to, those outlined in the report, as well as efforts 
2.17 	to involve students in activities to maintain and improve the university partnership 
2.18 	district; cooperative university and university partnership district long-term planning; and 
2.19 	incentives to increase homeownership within the district with particular emphasis on 
2.20 	employees of the university and of other major employers located within the district.
2.21 		Subd. 3.Report. The board must report to the legislature by January 15, 2009, on 
2.22 	the expenditure of funds appropriated under section 3.

2.23 	Sec. 3. APPROPRIATION.
 2.24 	$750,000 in fiscal year 2008 is appropriated from the general fund to the Board of 
2.25 	Regents to assist in formation of the alliance and for projects identified in section 2. The 
2.26 	alliance, board, and city may cooperate on the projects and may use the services of other 
2.27 	entities to complete all or a portion of a project.