2007 Minnesota Statutes

457A.03 PORT ASSISTANCE.
    Subdivision 1. Eligible applicants. Any person, political subdivision, or port authority, that
owns a commercial navigation facility, may apply to the commissioner for assistance under
this chapter.
    Subd. 2. Types of assistance. The commissioner may make loans to an eligible applicant if
the commissioner determines that the project submitted by the applicant for assistance will serve
either or both of the purposes stated in section 457A.02, subdivision 1, clauses (1) and (2). The
commissioner may make grants, or a combination of grants and loans, to an eligible applicant
if the commissioner determines that the project submitted by the applicant for assistance will
serve either or both of the purposes stated in section 457A.02, subdivision 1, clauses (1) and (2),
and will also enhance economic development in and around the commercial navigation facility
being assisted.
    Subd. 3. State participation; limitations. The commissioner may not provide any assistance
under this chapter for more than 80 percent of the nonfederal share of any project. Assistance
provided under this chapter may not be used to match any other state funds. The commissioner
shall not assume continuing funding responsibility for any commercial navigation facility project.
History: 1991 c 298 art 3 s 3; 1995 c 265 art 2 s 31