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469.302 DESIGNATIONS OF ENTERPRISE ZONES.

Subdivision 1.Process.

The commissioner shall designate an area as an enterprise zone if:

(1) the application is made by the governing body of the city as prescribed by section 469.304;

(2) the area is determined by the commissioner to be eligible for designation under section 469.303.

Subd. 2.Duration.

The designation of an area as an enterprise zone is effective for ten years after the date of designation.

Subd. 3.Date of designation.

Designation is effective immediately following approval of the enterprise zone application by the commissioner.