Section 469.54 — State Value Capture.
469.54 STATE VALUE CAPTURE. Subdivision 1. Definitions. (a) For purposes of this section, the following terms have the meanings given them. (b) “Appropriation support payments” means payments from the state to the city pursuant to subdivision 3. (c) “Construction projects” means expenditures for the constructing, furnishing, commissioning, and equipping of buildings, ancillary facilities, utilities, parking, […]
Section 469.351 — Transit Improvement Area Loan Program.
469.351 TRANSIT IMPROVEMENT AREA LOAN PROGRAM. Subdivision 1. Definitions. (a) The terms defined in this section have the meanings given them and apply to sections 469.35 and 469.351. (b) “Applicant” means a local governmental unit or a joint powers board, established under section 471.59. (c) “Commissioner” means the commissioner of employment and economic development. (d) […]
Section 469.40 — Definitions.
469.40 DEFINITIONS. Subdivision 1. Application. For the purposes of sections 469.40 to 469.47, the terms defined in this section have the meanings given them. Subd. 2. City. “City” means the city of Rochester. Subd. 3. County. “County” means Olmsted County. Subd. 4. Destination Medical Center Corporation, corporation, DMCC. “Destination Medical Center Corporation,” “corporation,” or “DMCC” […]
Section 469.41 — Destination Medical Center Corporation Established.
469.41 DESTINATION MEDICAL CENTER CORPORATION ESTABLISHED. Subdivision 1. DMCC created. The city must establish a destination medical center corporation as a nonprofit corporation under chapter 317A to provide the city with expertise in preparing and implementing the development plan to establish the city as a destination medical center. Except as provided in sections 469.40 to […]
Section 469.319 — Repayment Of Tax Benefits By Businesses That No Longer Operate In A Zone.
469.319 REPAYMENT OF TAX BENEFITS BY BUSINESSES THAT NO LONGER OPERATE IN A ZONE. Subdivision 1. Repayment obligation. A business must repay the total tax benefits listed in section 469.315 received during the two years immediately before it (1) ceased to perform a substantial level of activities described in the business subsidy agreement, or (2) […]
Section 469.3191 — Breach Of Agreements By Businesses That Continue To Operate In Zone.
469.3191 BREACH OF AGREEMENTS BY BUSINESSES THAT CONTINUE TO OPERATE IN ZONE. (a) A “business in violation of its business subsidy agreement but not subject to section 469.319” means a business that is operating in violation of the business subsidy agreement but maintains a level of operations in the zone that does not subject it […]
Section 469.3192 — Prohibition Against Amendments To Business Subsidy Agreement.
469.3192 PROHIBITION AGAINST AMENDMENTS TO BUSINESS SUBSIDY AGREEMENT. Except as authorized under section 469.3191, under no circumstance shall terms of any agreement required as a condition for eligibility for benefits listed under section 469.315 be amended to change job creation, job retention, or wage goals included in the agreement. History: 2008 c 366 art 5 […]
Section 469.3193 — Certification Of Continuing Eligibility For Jobz Benefits.
469.3193 CERTIFICATION OF CONTINUING ELIGIBILITY FOR JOBZ BENEFITS. (a) By October 15 of each year, every qualified business must certify to the commissioner of revenue, on a form prescribed by the commissioner of revenue, whether it is in compliance with any agreement required as a condition for eligibility for benefits listed under section 469.315. A […]
Section 469.320 — Zone Performance; Remedies.
469.320 ZONE PERFORMANCE; REMEDIES. Subdivision 1. Reporting requirement. An applicant receiving designation of a job opportunity building zone under section 469.314 must annually report to the commissioner on its progress in meeting the zone performance goals under the development plan for the zone and the applicant’s compliance with the business subsidy law under sections 116J.993 […]
Section 469.3201 — Legislative Auditor; Audits Of Job Opportunity Building Zones And Business Subsidy Agreements.
469.3201 LEGISLATIVE AUDITOR; AUDITS OF JOB OPPORTUNITY BUILDING ZONES AND BUSINESS SUBSIDY AGREEMENTS. As resources allow, the legislative auditor must audit the creation and operation of all job opportunity building zones and business subsidy agreements entered into under sections 469.310 to 469.320. All public officials and parties to the agreements shall provide the legislative auditor […]