1997 Minnesota Statutes

     469.31 Limit on grants; appropriation. 

    The maximum amount of incentive grants payable under 
 sections 469.305 and 469.309 is $900,000 for fiscal year 1997.  
 Of that amount, one-third must be allocated to the city of 
 Minneapolis, one-third to the city of St. Paul, and one-third to 
 the remaining cities.  Of the amounts allocated to the cities of 
 Minneapolis and St. Paul, $25,000 must be subtracted from each 
 city's allocation and is appropriated to the commissioner of 
 economic security for administration of this program, provided 
 that $25,000 of the appropriation is for fiscal year 1996 and 
 $25,000 is for fiscal year 1997.  Of the amount allocated to the 
 remaining cities, a minimum of $60,000 must be allocated to the 
 city of South St. Paul.  No incentive grants may be paid before 
 fiscal year 1997.  If the commissioner of economic security 
 estimates by March 1, 1996, that incentive grants for fiscal 
 year 1997 will exceed $900,000, the commissioner shall 
 proportionately reduce each city's allocation to remain within 
 the limit.  The amount necessary to pay the allocations for 
 grants under this section are appropriated to the commissioner 
 of trade and economic development and the commissioner of 
 economic security. 

    HIST: 1994 c 483 s 1; 1994 c 587 art 12 s 21; 1995 c 256 s 15