Section 298.291 — Citation.

298.291 CITATION. Sections 298.291 to 298.294 shall be known as the “Douglas J. Johnson Economic Protection Trust Fund Act.” History: 1977 c 423 art 10 s 25; 2Sp1982 c 2 s 4; 2002 c 377 art 8 s 14

Section 298.292 — Policy.

298.292 POLICY. Subdivision 1. Purposes. The legislature is cognizant of the severe economic dislocations and widespread unemployment that result when a single industry on which an area is largely dependent, experiences a drastic reduction in activity. The Douglas J. Johnson economic protection trust fund is hereby created to be devoted to economic rehabilitation and diversification […]

Section 298.293 — Expending Funds.

298.293 EXPENDING FUNDS. The funds provided by section 298.28, subdivision 11, relating to the Douglas J. Johnson economic protection trust fund, except money expended pursuant to Laws 1982, Second Special Session, chapter 2, sections 8 to 14, shall be expended only in an amount that does not exceed the sum of the net interest, dividends, […]

Section 298.294 — Investment Of Fund.

298.294 INVESTMENT OF FUND. The trust fund established by section 298.292 shall be invested pursuant to law by the State Board of Investment and the net interest, dividends, and other earnings arising from the investments shall be transferred on the first day of each month to the trust and shall be included and become part […]

Section 298.296 — Operation Of Fund.

298.296 OPERATION OF FUND. Subdivision 1. Project approval. Projects shall be consistent with the priorities established in section 298.292 and shall not be approved by the commissioner unless the commissioner, after consultation with the advisory board, finds that: (a) the project will materially assist, directly or indirectly, the creation of additional long-term employment opportunities; (b) […]

Section 298.2961 — Producer Grants.

298.2961 PRODUCER GRANTS. Subdivision 1. Appropriation. (a) $10,000,000 is appropriated from the Douglas J. Johnson economic protection trust fund to a special account in the taconite area environmental protection fund for grants to producers on a project-by-project basis as provided in this section. (b) The proceeds of the tax designated under section 298.28, subdivision 9b, […]

Section 298.297 — Advisory Committees.

298.297 ADVISORY COMMITTEES. Before submission of a project to the advisory board, the commissioner of Iron Range resources and rehabilitation shall appoint a technical advisory committee consisting of one or more persons who are knowledgeable in areas related to the objectives of the proposal. Members of the committees shall be compensated as provided in section […]

Section 298.31 — [Private, 1945 c 283 s 1]

298.31 [Private, 1945 c 283 s 1]