2008 Minnesota Statutes
- Search Minnesota Statutes
- About Minnesota Statutes
- 2008 Statutes New, Amended or Repealed
- 2008 Table of Chapters
- 2008 Statutes Topics (Index)
Chapter 116J
Section 116J.424
Recent History
- 2017 116J.424 Amended 2017 c 94 art 7 s 10
- 2016 116J.424 Amended 2016 c 189 art 7 s 15
- 2013 116J.424 Amended 2013 c 3 s 1
- 2009 116J.424 Amended 2009 c 78 art 7 s 1
- 2001 116J.424 Amended 2001 c 5 art 6 s 1
- 1999 116J.424 New 1999 c 223 art 2 s 24
116J.424 IRON RANGE RESOURCES AND REHABILITATION BOARD CONTRIBUTION.
The commissioner of the Iron Range Resources and Rehabilitation Board with approval of the board shall provide an equal match for any loan or equity investment made for a facility located in the tax relief area defined in section 273.134, paragraph (b), by the Minnesota minerals 21st century fund created by section 116J.423. The match may be in the form of a loan or equity investment, notwithstanding whether the fund makes a loan or equity investment. The state shall not acquire an equity interest because of an equity investment or loan by the board and the board at its sole discretion shall decide what interest it acquires in a project. The commissioner of employment and economic development may require a commitment from the board to make the match prior to disbursing money from the fund.
Official Publication of the State of Minnesota
Revisor of Statutes