Chapter 469 — Purposes

469.0001 This section has been repealed and is no longer in effect. 469.001 Purposes Sets out the goals of housing and redevelopment law, including providing safe housing, clearing blighted areas, and … 469.002 Definitions Defines key terms used in the housing and redevelopment law, such as authority, blighted area, project, and housing … 469.003 City Housing and Redevelopment Authority Allows cities to create a housing and redevelopment authority (HRA) by passing a resolution finding a need for safe … 469.004 County and Multicounty Authorities Allows counties or groups of counties to create their own housing and redevelopment authorities when cities have not … 469.005 Area of Operation Defines where a housing and redevelopment authority can operate, generally within the boundaries of the city or county … 469.006 Appointment, Qualifications, Tenure of Commissioners Sets rules for appointing HRA commissioners, including qualifications, terms of office, and how to fill vacancies. 469.007 Powers of County and Multicounty Authorities Gives county and multicounty housing authorities the same powers as city housing authorities within their area. 469.008 Effect Upon City Housing and Redevelopment Authorities Explains how a county HRA affects city HRAs that already exist within the county. 469.009 Conflict of Interest; Penalties for Failure to Disclose Requires HRA commissioners and employees to disclose conflicts of interest and sets penalties for failing to do so. 469.010 Removal; Hearing; Notice Sets the process for removing an HRA commissioner, requiring written charges, a hearing, and proper notice. 469.011 Authority Operations Covers day-to-day HRA operations including meetings, quorum rules, records, and commissioner compensation. 469.012 Public Body; Powers, Duties, Programs; Taxes Limited Lists the broad powers of housing and redevelopment authorities, including buying property, using eminent domain, … 469.013 Accounting Requires HRAs to keep proper financial records and maintain an operating budget. 469.014 Liable in Contract or Tort Makes housing and redevelopment authorities liable for their contracts and for injuries caused by their actions. 469.015 Letting of Contracts; Performance Bonds Requires HRAs to use competitive bidding for construction contracts and obtain performance bonds from contractors. 469.016 Low-rent Housing Sets rules for low-rent public housing, including income limits, rent calculations, and how projects are managed. 469.017 Housing Development Projects Governs housing development projects for moderate-income families, including how they are planned, financed, and … 469.0171 Housing Plan, Program, and Review Requires cities with HRAs to adopt a comprehensive housing plan and review housing programs regularly. 469.018 Rentals Sets rules for how rents are determined in housing development projects. 469.019 Rentals, Tenant Admissions Establishes income-based rules for admitting tenants into housing projects and sets priorities for who gets in first. 469.020 Discrimination Prohibited, Displaced Families Prohibits discrimination in public housing and requires help for families displaced by redevelopment projects. 469.021 Preferences Gives preferences in public housing to families displaced by government action, veterans, and families living in unsafe … 469.022 Establishment of Income Restriction Lets HRAs set maximum income levels for tenants in housing projects. 469.023 Periodic Investigation of Tenant Requires HRAs to periodically check whether tenants still qualify by income to live in public housing. 469.024 Power of Authority Gives cities the power to contract with HRAs for urban renewal and housing work. 469.025 Demolition of Unsafe or Unsanitary Buildings Allows HRAs to demolish or require the removal of buildings that are unsafe or unsanitary. 469.026 Existing Buildings; Acquisition, Repair Sets rules for HRAs acquiring and repairing existing buildings rather than demolishing them. 469.027 Redevelopment Plan Requires a formal redevelopment plan before an HRA can begin clearing or rebuilding a blighted area. 469.028 Municipal Governing Body Describes the role of the city council in approving redevelopment plans and overseeing HRA activities. 469.029 Disposal of Property Sets rules for how HRAs sell or transfer property acquired through redevelopment projects. 469.030 Temporary Relocation of Displaced Families Requires HRAs to provide temporary housing for families displaced by redevelopment projects. 469.0305 Report on Loss of Housing Requires HRAs to report to the city council when housing units are lost due to redevelopment activities. 469.031 Provisional Acceptance by Authority of Fund, Property Allows HRAs to temporarily accept funds and property from any source to help carry out their projects. 469.032 Use Value Requires HRAs to consider the use value, not just market value, when setting prices for property it sells from a … 469.033 Public Redevelopment Cost; Proceeds; Financing Explains how HRAs pay for redevelopment costs, including through tax levies, tax increment financing, and special funds. 469.034 Bond Issue for Corporate Purposes Allows HRAs to issue bonds to raise money for their projects and sets basic terms for those bonds. 469.035 Manner of Bond Issuance; Sale Describes how HRA bonds must be issued and sold, including notice requirements and pricing rules. 469.036 When Bond Allocation Act Applies States when the federal bond allocation act applies to bonds issued by housing and redevelopment authorities. 469.037 Enforcement by Obligee of Contracts Gives bondholders and other obligees the right to enforce HRA contracts and protect their investment. 469.038 Bonds, a Legal Investment Makes HRA bonds a legal investment for banks, insurance companies, and public pension funds. 469.039 Exemption From Process Protects HRA property and funds from being seized through lawsuits or legal process. 469.040 Tax Status Exempts HRA property from property taxes but requires payments in lieu of taxes for public housing projects. 469.041 State Public Bodies, Powers as to Projects Lists things cities and other public bodies can do to help housing and redevelopment projects succeed. 469.042 Agreement on Tax Increments; Equivalents Allows cities and HRAs to agree on sharing tax increment revenue from redevelopment areas. 469.043 This section has been repealed and is no longer in effect. 469.044 Bond Pending Litigation Allows courts to issue bonds to secure costs if someone challenges an HRA project through litigation. 469.045 Appearance of Public Corporation; Bond Sets rules for when a public corporation must appear in court proceedings involving HRA projects. 469.046 Advance of Litigation on Calendar Gives priority on the court calendar to lawsuits involving HRA projects so they are resolved quickly. 469.047 Suit for Civil Damages Limits lawsuits for damages against HRAs to claims filed within a set time period. 469.048 Definitions Defines key terms used in the port authority law, such as commissioner, port district, and industrial development … 469.049 Establishment; Characteristics Allows cities to create port authorities as independent public bodies to promote economic development. 469.050 Commissioners; Terms, Vacancies, Pay, Continuity Sets the rules for appointing port authority commissioners, including terms, vacancies, and compensation. 469.051 Officers; Duties; Organizational Matters Covers port authority officers, their duties, and organizational procedures like meetings and bylaws. 469.052 Depositories; Default; Collateral Sets rules for how port authorities deposit their funds and what happens if a bank holding port funds defaults. 469.0521 Liable in Contract or Tort Makes port authorities liable for their contracts and for injuries caused by their actions, just like other public … 469.053 Tax Levies; Fiscal Matters Gives port authorities the power to levy property taxes and sets rules for their budgets and fiscal operations. 469.054 Use of City Property, Services by Authority Allows port authorities to use city property and services for their operations. 469.055 Powers and Duties Lists the powers and duties of port authorities, including acquiring property, building facilities, and promoting … 469.056 Employees; Contracts; Audits Covers port authority employment, contracting requirements, and audit obligations. 469.057 Port Control by Others; Petition; Intervention Allows people to petition for state control of port activities and lets affected parties intervene in proceedings. 469.058 Industrial Development Districts Allows port authorities to create industrial development districts to attract businesses and create jobs. 469.059 Development District Powers Lists the special powers port authorities have within industrial development districts, including building and leasing … 469.060 General Obligation Bonds Allows port authorities to issue general obligation bonds backed by property taxes for their projects. 469.061 Revenue Bonds; Pledge; Covenants Allows port authorities to issue revenue bonds repaid from project income, not taxes. 469.062 Other Bonds Allows port authorities to issue other types of bonds and sets terms for those bond issues. 469.063 When Bond Allocation Act Applies States when the federal bond allocation act applies to bonds issued by port authorities. 469.064 Port Authority Activities Lists additional activities port authorities can undertake, including research and promotion of port-area commerce. 469.065 Sale of Property Sets rules for how port authorities sell property, including public notice and competitive bidding requirements. 469.066 Advances by Port Authority Allows port authorities to make short-term advances of money for project costs before bond proceeds arrive. 469.067 Finding Land is Marginal is Prima Facie Evidence States that an official finding that land is marginal serves as initial proof in legal challenges to port authority … 469.0671 No State Bailout of Port Authorities Prohibits the state from bailing out port authorities that cannot pay their debts. 469.068 Bid Law for Construction Contracts Requires port authorities to follow competitive bidding laws for construction contracts. 469.069 Albert Lea Grants special port authority powers to the city of Albert Lea. 469.070 Austin Grants special port authority powers to the city of Austin. 469.071 Bloomington Grants special port authority powers to the city of Bloomington. 469.072 Breckenridge Grants special port authority powers to the city of Breckenridge. 469.0721 Cannon Falls; Redwood Falls; Port Authority Establishes a port authority for Cannon Falls and Redwood Falls with specific powers and structure. 469.0722 Limitation of Powers Limits the powers of the Cannon Falls and Redwood Falls port authority compared to larger port authorities. 469.0723 Procedural Requirement Sets procedural requirements the Cannon Falls and Redwood Falls port authority must follow. 469.0724 General Obligation Bonds Allows the Cannon Falls and Redwood Falls port authority to issue general obligation bonds with voter approval. 469.0725 Name Establishes the official name of the Cannon Falls or Redwood Falls port authority. 469.0726 Removal of Commissioners for Cause Allows removal of Cannon Falls or Redwood Falls port authority commissioners for cause. 469.073 Detroit Lakes Grants special port authority powers to the city of Detroit Lakes. 469.074 Duluth Grants special port authority powers to the city of Duluth, including operating vessels and foreign trade zones. 469.075 Fergus Falls Grants special port authority powers to the city of Fergus Falls. 469.076 Granite Falls Grants special port authority powers to the city of Granite Falls. 469.077 Hastings Grants special port authority powers to the city of Hastings. 469.0772 Koochiching County; Port Authority Establishes a port authority for Koochiching County with powers for economic development. 469.0773 Lake City Grants special port authority powers to the city of Lake City. 469.0775 Mankato; Port Authority Establishes a port authority for the city of Mankato with specific powers. 469.078 Minneapolis Grants special port authority powers to the city of Minneapolis. 469.079 North Mankato Grants special port authority powers to the city of North Mankato. 469.080 Plymouth Grants special port authority powers to the city of Plymouth. 469.081 Red Wing Grants special port authority powers to the city of Red Wing. 469.0813 Rosemount; Port Authority Establishes a port authority for the city of Rosemount with specific powers. 469.082 Roseville; Port Authority Establishes a port authority for the city of Roseville with specific powers. 469.083 St. Cloud Grants special port authority powers to the city of St. Cloud. 469.084 St. Paul Grants special port authority powers to the city of St. Paul. 469.085 South Saint Paul Grants special port authority powers to the city of South Saint Paul. 469.0855 Wabasha Grants special port authority powers to the city of Wabasha. 469.0856 Ortonville Grants special port authority powers to the city of Ortonville. 469.086 Wadena Grants special port authority powers to the city of Wadena. 469.087 Warroad Grants special port authority powers to the city of Warroad. 469.088 White Bear Lake Grants special port authority powers to the city of White Bear Lake. 469.089 Winona Grants special port authority powers to the city of Winona. 469.090 Definitions Defines key terms used in the economic development authority (EDA) law, such as authority, city, and governing body. 469.091 Economic Development Authority Allows any city to create an economic development authority (EDA) to promote business growth and job creation. 469.092 Limit of Powers Sets limits on EDA powers, including a ban on levying taxes or pledging the city's credit without permission. 469.093 Procedural Requirement Requires EDAs to follow specific procedures before taking major actions, including notice and public hearing. 469.094 Transfer of Authority Allows cities to transfer powers from an existing HRA or port authority to the new EDA. 469.095 Commissioners; Appointment, Terms, Vacancies, Pay, Removal Sets rules for appointing EDA commissioners, including terms, vacancies, compensation, and removal procedures. 469.096 Officers; Duties; Organizational Matters Covers EDA officers, their duties, and organizational procedures like meetings, quorum, and records. 469.097 Employees; Services; Supplies Allows EDAs to hire employees and use city staff and services for their operations. 469.098 Conflict of Interest Requires EDA commissioners and employees to disclose conflicts of interest. 469.099 Depositories; Default; Collateral Sets rules for how EDAs deposit their funds and requires collateral to protect against bank failures. 469.100 Obligations Sets financial rules for EDAs, including budgets, audits, and a ban on levying taxes or pledging city credit. 469.101 Powers Lists the broad powers of economic development authorities, including acquiring property, making loans, and issuing … 469.102 General Obligation Bonds Allows EDAs to issue general obligation bonds backed by the city's taxing power for economic development projects. 469.103 Revenue Bonds; Pledge; Covenants Allows EDAs to issue revenue bonds repaid from project income rather than taxes. 469.104 Sections That Apply if Federal Limit Applies States when the federal bond allocation act applies to bonds issued by economic development authorities. 469.105 Sale of Property Sets rules for how EDAs sell property, including public notice and pricing requirements. 469.106 Advances by Authority Allows EDAs to advance their own funds for project costs before bond proceeds are available. 469.107 City May Levy Taxes for Economic Development Authority Allows cities to levy a special property tax to fund their economic development authority. 469.108 Special Law; Optional Use Lets cities formed by special law choose whether to use the general EDA statutes or their special law provisions. 469.1081 Liable in Contract or Tort Makes economic development authorities liable for their contracts and for injuries caused by their actions. 469.1082 County Economic Development Authority or Housing and Redevelopment Authority With Economic Development Powers Allows counties to create an EDA or give economic development powers to an existing county HRA. 469.109 Purpose States the purpose of the municipal redevelopment agency law: to help communities eliminate blight and encourage private … 469.110 Definitions Defines key terms used in the municipal redevelopment agency law. 469.111 Local or Area Agencies; Establishment Allows cities to create local redevelopment agencies to plan and carry out redevelopment projects. 469.112 Municipalities May Join Together Allows multiple cities to join together to create a shared redevelopment agency. 469.113 Conflict of Interest Requires redevelopment agency members to disclose conflicts of interest in agency business. 469.114 Agencies; Meetings, Expenses Covers redevelopment agency meeting rules and expense reimbursement for members. 469.115 Powers of Agencies Lists the powers of redevelopment agencies, including buying property, hiring staff, and entering contracts. 469.116 Bond Issue for Redevelopment Purposes Allows redevelopment agencies to issue bonds to pay for their projects. 469.117 Eminent Domain Proceedings Gives redevelopment agencies the power of eminent domain to acquire property needed for their projects. 469.118 Loans to Redevelopment Agencies Allows the state to make loans to local redevelopment agencies for their projects. 469.119 Loan Application Requirements Sets requirements for redevelopment agencies applying for state loans, including what must be in the application. 469.120 This section has been repealed and is no longer in effect. 469.121 This section has been repealed and is no longer in effect. 469.122 Limitation of Powers Limits the powers of redevelopment agencies and prevents them from taking on city government functions. 469.123 Examination and Audit of Local Agency Requires the state auditor to examine and audit local redevelopment agencies. 469.124 Purpose States the purpose of the mined underground space development law: to encourage reuse of old mines. 469.125 Definitions Defines key terms used in the mined underground space law, such as mined underground space and municipality. 469.126 Authority Granted Grants cities the authority to develop and manage mined underground space for commercial and public uses. 469.127 Tax Status Sets the tax treatment for mined underground space developments, including property tax rules. 469.128 Grants Allows cities to make grants to support the development of mined underground space. 469.129 This section has been repealed and is no longer in effect. 469.130 Maintenance and Operation Sets rules for maintaining and operating mined underground space developments. 469.131 Administration Describes how the mined underground space program is administered by cities. 469.132 Advisory Board Creates an advisory board to guide the development of mined underground space. 469.133 Relocation Addresses relocation of people and businesses displaced by mined underground space development projects. 469.134 This section has been repealed and is no longer in effect. 469.135 This section has been repealed and is no longer in effect. 469.136 This section has been repealed and is no longer in effect. 469.137 This section has been repealed and is no longer in effect. 469.138 This section has been repealed and is no longer in effect. 469.139 This section has been repealed and is no longer in effect. 469.140 This section has been repealed and is no longer in effect. 469.141 Regulation to Protect Mined Underground Space Authorizes the state to regulate mined underground space to protect public safety and prevent ground collapse. 469.142 Purposes States the purpose of the taconite area environmental protection law: to help communities affected by mining. 469.143 Definitions Defines key terms used in the taconite area development law, including taconite area and qualified business. 469.144 Establishment; Board Creates the Iron Range Resources and Rehabilitation Board and sets rules for its membership. 469.145 Financing Projects and Facilities Describes how taconite area development projects and facilities are financed. 469.146 Issuance of Bonds and Notes Allows the Iron Range board to issue bonds and notes to fund development projects. 469.147 Processing Agreement Requires a processing agreement between the state and businesses receiving taconite area development help. 469.148 Applications for Loan Guaranties Sets the application process for businesses seeking loan guarantees from the taconite area program. 469.149 Agreements for Reservation of Tax Increments Allows tax increments from taconite areas to be reserved and used for development projects. 469.150 This section has been repealed and is no longer in effect. 469.151 State and County Not Liable on Bonds Clarifies that the state and counties are not responsible for paying bonds issued under the taconite program. 469.152 Purposes States the purpose of the municipal industrial development act: to help cities attract businesses through bond-financed … 469.153 Definitions Defines key terms used in the municipal industrial development act, such as project, municipality, and revenue … 469.154 Department of Employment and Economic Development Duties Describes the duties of the Department of Employment and Economic Development in overseeing municipal industrial … 469.155 Powers Lists the powers of cities under the municipal industrial development act, including issuing bonds and acquiring … 469.156 Authorization of Projects and Bonds Sets the process for authorizing industrial development projects and issuing bonds to finance them. 469.157 Determination of Cost of Project Explains how to calculate the cost of a municipal industrial development project for bond purposes. 469.158 Manner of Issuance of Bonds; Interest Rate Sets rules for how municipal industrial development bonds are issued, including interest rates and sale procedures. 469.159 Temporary Loans Allows cities to make temporary loans to fund industrial development projects before bonds are issued. 469.160 Validity of Bonds; Presumption Creates a legal presumption that properly issued municipal industrial development bonds are valid. 469.161 Limitation of Powers by Resolution or Ordinance Lets cities limit their own industrial development powers by passing a resolution or ordinance. 469.162 Source of Payment for Bonds Specifies that industrial development bonds are paid only from project revenue, not city taxes. 469.163 Bondholders' Rights and Remedies Gives bondholders rights and legal remedies if a city defaults on its industrial development bonds. 469.164 Powers Added to Application of Existing Laws and Rules States that the municipal industrial development act adds to, rather than replaces, other existing laws and rules. 469.165 Applicability of Hra Provisions States that HRA provisions apply to municipal industrial development activities where relevant. 469.1651 This section has been repealed or is reserved. 469.1655 Qualified Green Building and Sustainable Design Projects Allows special treatment for qualified green building and sustainable design projects under industrial development law. 469.166 Definitions Defines key terms used in the border city enterprise zone law. 469.167 Border City Enterprise Zone; Duration Allows Minnesota border cities to create enterprise zones with tax breaks to compete with neighboring states. 469.168 This section has been repealed and is no longer in effect. 469.169 Additional Border City Zone Allocations Provides additional tax credit allocations for border city enterprise zones beyond the initial amounts. 469.170 This section has been repealed and is no longer in effect. 469.171 Border City Enterprise Zones; State Tax Reductions Lists the state tax reductions available to businesses in border city enterprise zones. 469.172 Development and Redevelopment Powers Gives border cities extra development and redevelopment powers within their enterprise zones. 469.173 Administration Describes how border city enterprise zones are administered and who oversees compliance. 469.1731 Border City Development Zones Establishes border city development zones as a separate program from enterprise zones with different rules. 469.1732 Tax Incentives Within Development Zones Lists the tax incentives available to businesses operating inside border city development zones. 469.1733 Disqualified Taxpayers Identifies taxpayers who are not eligible for border city development zone tax benefits. 469.1734 Tax Incentives Outside Zones Provides limited tax incentives for businesses located outside border city development zones but in the border city. 469.1735 Limit on Tax Reductions; Applications Required Sets caps on the total amount of tax reductions available in border city zones and requires applications. 469.174 Definitions Defines key terms used in the tax increment financing (TIF) law, including TIF district types and tax increment. 469.175 Establishing, Changing Plan, Annual Accounts Sets the process for creating a TIF district, including required plans, public hearings, and annual reporting. 469.176 Limitations Sets duration limits and other restrictions on TIF districts, including when they must be decertified. 469.1761 Income Requirements; Housing Districts Requires that housing TIF districts meet income requirements to ensure they serve low- and moderate-income residents. 469.1762 Arbitration of Disputes Over County Costs Provides an arbitration process for resolving disputes between cities and counties over TIF district costs. 469.1763 Restrictions on Pooling; Five-year Limit Limits how TIF revenue can be spent outside the TIF district and sets a five-year deadline for spending. 469.1764 This section has been repealed or is reserved. 469.1765 This section has been repealed or is reserved. 469.1766 This section has been repealed or is reserved. 469.177 Computation of Tax Increment Explains how tax increment is calculated, including original tax capacity and captured tax capacity. 469.1771 Violations Establishes penalties for violations of TIF law, including potential decertification of the TIF district. 469.178 Tax Increment Bonding Allows cities to issue bonds backed by tax increment revenue to finance TIF district improvements. 469.1781 Required Spending for Neighborhood Revitalization Requires Minneapolis to spend a portion of its TIF revenue on neighborhood revitalization programs. 469.1782 Special Law Provisions Addresses special TIF provisions created by special legislation for specific cities or projects. 469.179 Existing Projects; Effective Dates of Amendments Sets effective dates for TIF law amendments and explains how changes apply to existing TIF districts. 469.1791 This section has been repealed or is reserved. 469.1792 Special Deficit Authority Gives special authority to cities facing budget deficits in their TIF districts. 469.1793 Developer Obligations Continued Requires developers to continue meeting their obligations even after changes to TIF law. 469.1794 Duration Extension to Offset Deficits Allows TIF district duration to be extended to make up for revenue lost during economic downturns. 469.1799 This section has been repealed or is reserved. 469.180 Development Pacts With Entities of Other States Allows Minnesota cities to enter development agreements with agencies in neighboring states for cross-border projects. 469.181 This section has been repealed and is no longer in effect. 469.1811 Property Tax Exempt; Agricultural Processing Facility Exempts certain agricultural processing facilities from property tax to encourage investment. 469.1812 Definitions Defines key terms used in the property tax abatement law. 469.1813 Abatement Authority Gives cities, counties, and school districts the power to abate (reduce) property taxes to attract development. 469.1814 Bonding Authority Allows local governments to issue bonds backed by the abated tax revenue. 469.1815 Administrative Sets administrative rules for property tax abatement programs, including reporting and oversight. 469.1816 This section has been repealed or is reserved. 469.182 Employment Bureaus; First Class Cities Allows first class cities to operate public employment bureaus to help people find jobs. 469.183 Bonds for Municipal Market; First Class Cities Allows first class cities to issue bonds to build and operate municipal public markets. 469.1831 Neighborhood Revitalization Program; First Class City Establishes the Minneapolis neighborhood revitalization program funded in part by TIF revenue. 469.184 Municipal Commercial Rehabilitation Loan Program Creates a municipal loan program to help rehabilitate small and medium commercial buildings. 469.185 Conveying Land to Promote Industry, Employment Allows cities to sell or give land to businesses to promote industry and create jobs. 469.186 Bureau of Information and Publicity; Statutory Cities Allows statutory cities to create bureaus of information and publicity to promote the city. 469.187 First Class City Spending for Publicity; Publicity Board Allows first class cities to spend money on publicity and create a publicity board to attract business. 469.188 2nd, 3rd Class City May Levy to Advertise Its Resources Allows second and third class cities to levy a tax to advertise their resources and attract business. 469.189 Spend to Advertise City; Statutory, 2nd, 3rd, 4th Class City Allows statutory and smaller cities to spend money advertising their community to attract business and residents. 469.190 Local Lodging Tax Allows cities and counties to impose a local tax on hotel and motel stays to fund tourism and local projects. 469.191 Contributions to Regional or Local Organizations Allows cities and counties to make financial contributions to regional or local development organizations. 469.192 Economic Development Loans Allows cities to make loans to businesses for economic development purposes using various funding sources. 469.193 Foreign Trade Zones Authorizes the creation and operation of foreign trade zones in Minnesota. 469.194 Lewis and Clark Water Project Bonding Authorizes bonding for Minnesota's share of the Lewis and Clark regional water system project. 469.201 Definitions Defines key terms used in the targeted community revitalization law. 469.202 Designation of Targeted Communities Sets the process for the state to designate communities as targeted for extra economic development help. 469.203 Targeted Community Revitalization and Financing Describes the financing tools available for targeted community revitalization, including grants and loans. 469.204 Payment; Revolving Fund Creates a revolving fund to provide ongoing financing for targeted community development projects. 469.205 City Powers; Uses of Targeted Community Money Lists the powers cities have for spending targeted community money, including property acquisition and demolition. 469.206 Hazardous Property Penalty Imposes penalties on owners of hazardous property in targeted communities who fail to fix problems. 469.207 Annual Audit and Report Requires annual audits and reports on how targeted community revitalization money is spent. 469.301 This section has been repealed and is no longer in effect. 469.302 This section has been repealed and is no longer in effect. 469.303 This section has been repealed and is no longer in effect. 469.304 This section has been repealed and is no longer in effect. 469.305 This section has been repealed and is no longer in effect. 469.306 This section has been repealed and is no longer in effect. 469.307 This section has been repealed and is no longer in effect. 469.308 This section has been repealed and is no longer in effect. 469.309 Rural Job Creation Grants Authorizes the state to award grants to create jobs in rural Minnesota communities. 469.31 This section has been repealed and is no longer in effect. 469.310 Definitions Defines key terms used in the Job Opportunity Building Zone (JOBZ) law. 469.311 Development Plan Requires cities to create a development plan before applying for a Job Opportunity Building Zone designation. 469.312 Job Opportunity Building Zones; Limitations Sets limits on how many JOBZ zones can be designated and how large they can be. 469.313 Application for Designation Describes how cities apply to the state for designation as a Job Opportunity Building Zone. 469.314 Designation of Job Opportunity Building Zones Sets the process for the state to review applications and officially designate Job Opportunity Building Zones. 469.315 Tax Incentives Available in Zones Lists the state and local tax incentives available to businesses that operate in JOBZ zones. 469.316 Individual Income Tax Exemption Provides a state income tax exemption for individuals earning income from a qualified JOBZ business. 469.317 Corporate Franchise Tax Exemption Provides a state corporate franchise tax exemption for businesses operating in a JOBZ zone. 469.318 Jobs Credit Creates a jobs credit allowing JOBZ businesses to reduce their tax liability based on the number of jobs they create. 469.3181 Create Automotive Recovery Jobs Credit Creates a special tax credit for automotive recovery jobs in designated areas. 469.319 Repayment of Tax Benefits by Businesses That No Longer Operate in a Zone Requires businesses that leave a JOBZ zone to repay the tax benefits they received. 469.3191 Breach of Agreements by Businesses That Continue to Operate in Zone Sets penalties for JOBZ businesses that break their agreements but continue operating in the zone. 469.3192 Prohibition Against Amendments to Business Subsidy Agreement Prohibits changes to business subsidy agreements for JOBZ businesses after they are signed. 469.3193 Certification of Continuing Eligibility for Jobz Benefits Requires JOBZ businesses to annually certify they still qualify for zone benefits. 469.320 Zone Performance; Remedies Gives the state power to take action if a JOBZ zone is not performing as expected. 469.3201 Legislative Auditor; Audits of Job Opportunity Building Zones and Business Subsidy Agreements Requires the legislative auditor to audit JOBZ zones and business subsidy agreements. 469.321 This section has been repealed and is no longer in effect. 469.3215 This section has been repealed or is reserved. 469.322 This section has been repealed and is no longer in effect. 469.323 This section has been repealed and is no longer in effect. 469.324 This section has been repealed and is no longer in effect. 469.325 This section has been repealed and is no longer in effect. 469.326 This section has been repealed and is no longer in effect. 469.327 This section has been repealed and is no longer in effect. 469.328 This section has been repealed and is no longer in effect. 469.329 This section has been repealed and is no longer in effect. 469.330 This section has been repealed and is no longer in effect. 469.331 This section has been repealed and is no longer in effect. 469.332 This section has been repealed and is no longer in effect. 469.333 This section has been repealed and is no longer in effect. 469.334 This section has been repealed and is no longer in effect. 469.335 This section has been repealed and is no longer in effect. 469.336 This section has been repealed and is no longer in effect. 469.337 This section has been repealed and is no longer in effect. 469.338 This section has been repealed and is no longer in effect. 469.339 This section has been repealed and is no longer in effect. 469.340 This section has been repealed and is no longer in effect. 469.341 This section has been repealed and is no longer in effect. 469.35 Transit Improvement Area Accounts Allows cities to create special accounts to fund public improvements near transit stations. 469.351 Transit Improvement Area Loan Program Creates a state loan program to help cities pay for infrastructure near transit stops. 469.40 Definitions Defines key terms used in the Destination Medical Center (DMC) law for Rochester. 469.41 Destination Medical Center Corporation Established Creates the Destination Medical Center Corporation to oversee the Mayo Clinic area development in Rochester. 469.42 Officers; Duties; Organizational Matters Sets rules for DMC Corporation officers, duties, meetings, and organizational structure. 469.43 Development Plan Requires the DMC Corporation to create a comprehensive development plan for the Rochester medical district. 469.44 City Powers, Duties; Authority to Issue Bonds Gives Rochester special powers and duties for the DMC project, including the ability to issue bonds. 469.45 City Tax Authority Authorizes Rochester to impose special taxes to help fund the Destination Medical Center project. 469.46 County Tax Authority Authorizes Olmsted County to impose taxes to help fund the Destination Medical Center project. 469.47 State Infrastructure Aid Provides state infrastructure aid to help pay for the Destination Medical Center project in Rochester. 469.50 Definitions Defines key terms used in the regional exchange district law. 469.51 Regional Exchange District Creates a regional exchange district as a special development zone to promote economic growth. 469.52 City Powers; Duties Gives cities special powers and duties for managing regional exchange district development. 469.53 Regional Exchange District Public Infrastructure Projects Describes the public infrastructure projects that can be built in a regional exchange district. 469.54 State Value Capture Allows the state to capture increased tax value in a regional exchange district to fund public improvements.