Minnesota § 12.301 COMMUNITY DISASTER LOANS; GOVERNOR'S AUTHORITY

Minnesota Statutes

§ 12.301 — COMMUNITY DISASTER LOANS; GOVERNOR'S AUTHORITY

Minnesota § 12.301

PartGOVERNMENT MISCELLANY

Ch. 12EMERGENCY MANAGEMENT

This text of Minnesota § 12.301 (COMMUNITY DISASTER LOANS; GOVERNOR'S AUTHORITY) 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. § 12.301 (2026).

Text

Whenever, at the request of the governor, the president has declared a major disaster to exist in this state, the governor is authorized to take the following actions:

(a)Upon the governor's determination that a political subdivision of the state will suffer a substantial loss of tax and other revenues from a major disaster and has demonstrated a need for financial assistance to perform its governmental functions, the governor may apply to the federal government, on behalf of the political subdivision, for a loan, and receive and disburse the proceeds of the approved loan to the applicant political subdivision.

(b)The governor may determine the amount needed by an applicant political subdivision to restore or resume its governmental functions, and certify that amount to the federal gover

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Whenever, at the request of the governor, the president has declared a major disaster to exist in this state, the governor is authorized to take the following actions:
(a) Upon the governor's determination that a political subdivision of the state will suffer a substantial loss of tax and other revenues from a major disaster and has demonstrated a need for financial assistance to perform its governmental functions, the governor may apply to the federal government, on behalf of the political subdivision, for a loan, and receive and disburse the proceeds of the approved loan to the applicant political subdivision.
(b) The governor may determine the amount needed by an applicant political subdivision to restore or resume its governmental functions, and certify that amount to the federal government. No application amount may exceed 25 percent of the annual operating budget of the applicant for the fiscal year in which the major disaster occurs.
(c) The governor may recommend to the federal government, based upon the governor's review, the cancellation of all or any part of repayment when, in the first three full fiscal year period following the major disaster, the revenues of the political subdivision are insufficient to meet its operating expenses, including additional disaster-related expenses of a municipal operation character.