Section 446A.076 — Estimated Funding Needs.
446A.076 ESTIMATED FUNDING NEEDS. By February 1 each year, the Public Facilities Authority must submit to the legislative committees with jurisdiction over capital investment and environment and natural resources finance an estimate of the amount necessary to fund grants under sections 446A.072 and 446A.073. The report shall show for each community included in the estimate: […]
Section 446A.081 — Drinking Water Revolving Fund.
446A.081 DRINKING WATER REVOLVING FUND. Subdivision 1. Definitions. (a) For the purposes of this section, the terms in this subdivision have the meanings given them. (b) “Eligible recipient” means governmental units or other entities eligible to receive loans or other assistance as provided in the federal Safe Drinking Water Act. (c) “Federal Safe Drinking Water […]
Section 446A.083 — Methamphetamine Laboratory Cleanup Revolving Account.
446A.083 METHAMPHETAMINE LABORATORY CLEANUP REVOLVING ACCOUNT. Subdivision 1. Definitions. As used in this section: (1) “clandestine lab site” has the meaning given in section 152.0275, subdivision 1, paragraph (a); (2) “property” has the meaning given in section 152.0275, subdivision 2, paragraph (a), but does not include motor vehicles; and (3) “remediate” has the meaning given […]
Section 446A.085 — Transportation Revolving Loan Fund.
446A.085 TRANSPORTATION REVOLVING LOAN FUND. Subdivision 1. Definitions. (a) For the purposes of this section, the terms defined in this subdivision have the meanings given them. (b) “Act” means the National Highway System Designation Act of 1995, Public Law 104-59, as amended. (c) “Borrower” means the state, counties, cities, and other governmental entities eligible under […]
Section 446A.086 — State May Guarantee Governmental Unit Building Debt; Repayment.
446A.086 STATE MAY GUARANTEE GOVERNMENTAL UNIT BUILDING DEBT; REPAYMENT. Subdivision 1. Definitions. (a) As used in this section, the following terms have the meanings given. (b) “Authority” means the Minnesota Public Facilities Authority. (c) “Commissioner” means the commissioner of management and budget. (d) “Debt obligation” means: (1) a general obligation bond or note issued by […]
Section 446A.087 — Credit Enhanced Bond Program.
446A.087 CREDIT ENHANCED BOND PROGRAM. Subdivision 1. Establishment of program. A credit enhanced bond program is established for the purposes set forth in subdivision 2. Subd. 2. Purpose. The purpose of the credit enhanced bond program is to provide loans to governmental units through the purchase of general obligation bonds of governmental units issued to […]
Section 446A.09 — Report; Audit.
446A.09 REPORT; AUDIT. The authority shall report to the legislature and the governor by January 15 of each year. The report must include a complete operating and financial statement covering the authority’s operations during the year, including amounts of income from all sources. The report must also include the authority’s analysis of the interest rate […]
Section 446A.12 — Issuance Of Bonds.
446A.12 ISSUANCE OF BONDS. Subdivision 1. Bonding authority. The authority may issue negotiable bonds in a principal amount that the authority determines necessary to provide sufficient funds for achieving its purposes, including the making of loans and purchase of securities, the payment of interest on bonds of the authority, the establishment of reserves to secure […]
Section 446A.03 — Minnesota Public Facilities Authority.
446A.03 MINNESOTA PUBLIC FACILITIES AUTHORITY. Subdivision 1. Membership. The Minnesota Public Facilities Authority consists of the commissioner of employment and economic development, the commissioner of management and budget, the commissioner of the Pollution Control Agency, the commissioner of agriculture, the commissioner of health, and the commissioner of transportation. Subd. 2. Chair; other officers. The commissioner […]
Section 446A.04 — Powers; Duties; Program Administration.
446A.04 POWERS; DUTIES; PROGRAM ADMINISTRATION. Subdivision 1. [Repealed by amendment, 2007 c 96 art 1 s 3] Subd. 2. Power to sue; enter contracts. The authority may sue and be sued. The authority may make and enter into contracts, leases, and agreements necessary to perform its duties and exercise its powers. Subd. 3. Gifts; grants. […]