1999 Minnesota Statutes

     469.022 Establishment of income restriction. 

    The dwellings in public low-rent housing shall be available 
 solely for families whose net family income does not exceed the 
 maximum net family income falling within the lowest 20 percent 
 by number of all family incomes in the area of operation as such 
 maximum net family income has been determined by the authority.  
 Each year, this restriction shall be reexamined by the 
 commissioner of trade and economic development, and a public 
 hearing shall be held by the commissioner of trade and economic 
 development to determine whether administrative or interpretive 
 difficulties or unsatisfactory progress in the provision of 
 low-rent housing or redevelopment require a modification of that 
 income restriction.  Upon the conclusion of that hearing, the 
 commissioner of trade and economic development shall modify the 
 restriction set out in this section to the extent required to 
 make satisfactory progress in the provision of low-rent housing 
 or redevelopment.  

    HIST: 1987 c 291 s 22; 1987 c 312 art 1 s 26 subd 2