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Minnesota Legislature

Office of the Revisor of Statutes

    Subdivision 1. Data on individuals. Financial information, including credit reports, financial
statements, and net worth calculations, received or prepared by the authority regarding any
authority loan and the name of each individual who is the recipient of a loan are private data on
individuals, under chapter 13, except that information obtained under the agricultural development
bond program in sections 41C.01 to 41C.13 may be released as required by federal tax law.
    Subd. 2. Data not on individuals. The following data submitted to the authority by
businesses that are requesting financial assistance are nonpublic data as defined in section 13.02:
financial information about the applicant, including credit reports, financial statements, net
worth calculations, business plans, income and expense projections, customer lists, market and
feasibility studies not paid for with public funds, tax returns, and financial reports provided to the
authority after closing of the financial assistance.
History: 1987 c 396 art 1 s 30; 1991 c 332 s 5; 1995 c 259 art 1 s 29