2004 Minnesota Statutes

     469.204 Payment; city match; drawdown; uses of state 
  money. 

    Subdivision 1.    Payment of state money.  Upon receipt 
 from a city of a certification that a revitalization program has 
 been adopted or modified, the commissioner shall, within 30 
 days, pay to the city the amount of state money identified as 
 necessary to implement the revitalization program or program 
 modification.  State money may be paid to the city only to the 
 extent that the appropriation limit for the city specified in 
 subdivision 2 is not exceeded.  Once the state money has been 
 paid to the city, it becomes targeted neighborhood money for use 
 by the city in accordance with an adopted revitalization program 
 and subject only to the restrictions on its use in sections 
 469.201 to 469.207.  

    Subd. 2.    Allocation.  Each city of the first class, 
 as defined in section 410.01, may receive a part of the 
 appropriations made available that is the proportion that the 
 population of such city bears to the combined population of such 
 cities of the first class.  One city may agree to reduce its 
 entitlement amount and to make it available to another city.  
 For the purposes of this subdivision the population of each city 
 is determined according to the most recent estimates available 
 to the commissioner.  Interest earned by a city from money paid 
 to the city must be repaid to the commissioner annually unless 
 the revitalization program identifies the interest as necessary 
 to implement the revitalization program and the requirement for 
 city matching money is satisfied with respect to the interest. 

    Subd. 3.    City matching money; drawdown and restriction 
 on use of state money.  A city may spend state money only if 
 the revitalization program identifies city matching money to be 
 used to implement the program in an amount equal to the state 
 appropriation paid to the city.  A city must keep the state 
 money in a segregated fund for accounting purposes. 

    HIST: 1989 c 328 art 6 s 15