Minnesota § 116J.571 CREATION OF ACCOUNTS

Minnesota Statutes

§ 116J.571 — CREATION OF ACCOUNTS

Minnesota § 116J.571

PartECONOMIC DEVELOPMENT AND PLANNING

Ch. 116JEMPLOYMENT AND ECONOMIC DEVELOPMENT

This text of Minnesota § 116J.571 (CREATION OF ACCOUNTS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 116J.571 (2026).

Text

Two redevelopment accounts are created, one in the general fund and one in the bond proceeds fund. Money for the program:

(1)may be used to make grants as provided in section116J.575and loans as provided in section116J.5761;

(2)may be used to pay for the commissioner's costs in reviewing applications and making grants and loans; and (3) is available until spent. The repayment of principal and interest on loans and investment income earned on money in the account is deposited in the special revenue fund and may be used for making grants and loans and for administrative costs and are appropriated for such purposes.

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Two redevelopment accounts are created, one in the general fund and one in the bond proceeds fund. Money for the program: (1) may be used to make grants as provided in section116J.575and loans as provided in section116J.5761; (2) may be used to pay for the commissioner's costs in reviewing applications and making grants and loans; and (3) is available until spent. The repayment of principal and interest on loans and investment income earned on money in the account is deposited in the special revenue fund and may be used for making grants and loans and for administrative costs and are appropriated for such purposes.