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An appropriation rider in an appropriation to the Department of Employment and Economic
Development that specifies that the appropriation be granted to a particular business or class of
businesses must contain a statement of the expected benefits associated with the grant. At a
minimum, the statement must include goals for the number of jobs created or enhanced, wages
paid, and the tax revenue increases due to the grant. The wage and job goals must contain specific
goals to be attained within two years of the benefit date. The statement must specify the recipient's
obligation if the recipient does not attain the goals. At a minimum, the statement must require
a recipient failing to meet the job and wage goals to pay back the assistance plus interest to
the Department of Employment and Economic Development provided that repayment may be
prorated to reflect partial fulfillment of goals. The interest rate must be set at no less than the
implicit price deflator as defined under section 116J.994, subdivision 6. The legislature, after a
public hearing, may extend for up to one year the period for meeting the goals provided in the
History: 1999 c 243 art 12 s 3; 2000 c 482 s 12; 2001 c 7 s 29; 2003 c 128 art 13 s 27;
1Sp2003 c 4 s 1

Official Publication of the State of Minnesota
Revisor of Statutes