Minnesota § 469.1812 DEFINITIONS

Minnesota Statutes

§ 469.1812 — DEFINITIONS

Minnesota § 469.1812

PartLOCAL ECONOMIC DEVELOPMENT

Ch. 469ECONOMIC DEVELOPMENT

This text of Minnesota § 469.1812 (DEFINITIONS) 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. § 469.1812 (2026).

Text

Subdivision 1.Scope. For purposes of sections469.1812to469.1815, the following terms have the meanings given. Subd. 2.Governing body. "Governing body" means, for a city, the city council; for a school district, the school board; for a county, the county board; and for a town, the board of supervisors. Subd. 2a.Land bank organization. "Land bank organization" means an organization that, at least in part, acquires, holds, or manages vacant, blighted, foreclosed, or tax-forfeited property for future development, redevelopment, or disposal, and that is either:

(1)a nonprofit organization exempt from federal income taxation under section 501(c)(3) of the Internal Revenue Code whose governing board members are elected or appointed by the state of Minnesota, any political subdivision of the s

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Subdivision 1.Scope.
For purposes of sections469.1812to469.1815, the following terms have the meanings given.

Subd. 2.Governing body.
"Governing body" means, for a city, the city council; for a school district, the school board; for a county, the county board; and for a town, the board of supervisors.

Subd. 2a.Land bank organization.
"Land bank organization" means an organization that, at least in part, acquires, holds, or manages vacant, blighted, foreclosed, or tax-forfeited property for future development, redevelopment, or disposal, and that is either:
(1) a nonprofit organization exempt from federal income taxation under section 501(c)(3) of the Internal Revenue Code whose governing board members are elected or appointed by the state of Minnesota, any political subdivision of the state of Minnesota, or an agency of the state of Minnesota or its political subdivisions, or are elected or appointed officials of the state of Minnesota or any of its political subdivisions; or
(2) a limited liability company of which a nonprofit organization described in clause (1) is the sole member.

Subd. 3.Municipality.
"Municipality" means a statutory or home rule charter city or a town.

Subd. 4.Political subdivision or subdivision.
"Political subdivision" or "subdivision" means a statutory or home rule charter city, town, school district, or county.