2007 Minnesota Statutes

116P.16 REAL PROPERTY INTEREST REPORT.
By December 1 each year, a recipient of an appropriation from the trust fund, that is used for
the acquisition of an interest in real property, must submit annual reports on the status of the real
property to the Legislative-Citizen Commission on Minnesota Resources in a form determined
by the commission. The responsibility for reporting under this section may be transferred by the
recipient of the appropriation to another person who holds the interest in the real property. To
complete the transfer of reporting responsibility, the recipient of the appropriation must:
(1) inform the person to whom the responsibility is transferred of that person's reporting
responsibility;
(2) inform the person to whom the responsibility is transferred of the property restrictions
under section 116P.15; and
(3) provide written notice to the commission of the transfer of reporting responsibility,
including contact information for the person to whom the responsibility is transferred.
After the transfer, the person who holds the interest in the real property is responsible for reporting
requirements under this section.
History: 1Sp2005 c 1 art 2 s 136; 2006 c 243 s 21