1999 Minnesota Statutes

     474A.045 Scoring system for manufacturing projects. 

    The following criteria must be used in determining the 
 allocation of small issue bonds for manufacturing projects.  The 
 issuer must prepare and submit to the commissioner a public 
 purpose scoring worksheet that presents the data and methods 
 used in determining the total score under this section.  The 
 total score is the sum of the following: 

    (1) the number of direct new jobs in the state generated by 
 the proposed project for the next two years per $100,000 of 
 proposed allocation multiplied by 15; 

    (2) the number of direct existing jobs in the state 
 multiplied by .625 due to the proposed project per $100,000 of 
 proposed allocation multiplied by 15; 

    (3) the average hourly wage paid to employees by the 
 proposed project, exclusive of benefits mandated by law, based 
 on the following scale: 

 Wages paid per hour             $ 8    $10    $12    $15 
 Non-Metro area points awarded    10     15     20     20 
 Seven-County Metro Area 
 points awarded                    0     10     15     20 

    For purposes of this section, the seven-county metropolitan 
 area includes Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, 
 and Washington; 

    (4) the quotient of the estimated total net increase in 
 property taxes generated in the state by the project in the 
 first full year of operation divided by the proposed bond 
 allocation, multiplied by 500; and 

    (5) the seasonally unadjusted unemployment rate in the 
 community where the proposed project is located measured as a 
 percent of the state's unemployment rate, multiplied by ten. 

    The community seasonally unadjusted unemployment rate used 
 in determining the points under clause (5) must be the most 
 recent rate for the city or county in which the proposed project 
 is located, as provided by the commissioner of economic security.

    HIST: 1990 c 552 s 6; 1994 c 483 s 1; 1998 c 363 s 3; 1999 c 
 189 s 2