Resolution - #09-01-009 - 01/13/2009

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3 MINNESOTA STATUTES 2008' 116J.994 State Register. Public notice of a proposed business subsidy under this subdivision by a local government grantor or the Iron Range Resources and Rehabilitation Board must be published in a local newspaper of general circulation. The public notice must identify the location at which information about the business subsidy; including a summary of the terms of the subsidy, is available. Published notice should be sufficiently conspicuous in size and placement to distinguish the notice fi:om the surrounding text. The grantor must make the information available in printed paper copies and, if possible, on the Internet. The government agency must provide at least a ten';day notice for the public hearing. (c) The public notice must inciude the date, time, and place of the hearing. (d) The publi~ hearing by a state government grantor other than the Iron Range Resources and Rehabilitation Board must be held in St. Paul. ( e) If more than one nonstate grantor provides a business subsidy to the same recipient, the nonstate' grantors may designate one nonstate' grantor to hold a single public hearing regarding the. business subsidies provided by all nonstate grantors. For the purposes ofthis paragraph, "nonstate grantor" includes the iron range resources and rehabilitation board. (t) The public notice-of any public meeting about a business subsidy agreement; including those required by this subdivision and by subdivision 4, must include notice that a person with residence in or the owner of taxable property in the granting jurisdiction may file a written complaint with the grantor if the grantor fails to comply with sections 116J.993 to 116J.995, and that no action may be filed against the grantor for the failure to comply unless a written complaint is filed. Subd. p. Failure to meet goals. (a) The subsidy agreement must specify the recipient's obligation if the recipient does not fulfill the agreement. Ata minimum, the agreement must require a recipient failing to meet subsidy agreement goals to pay back the assistance plus interest to the grantor or, at the grantor's option, to the account created under section 116J.551 provided that repayment may be prorated to reflect partial fulfillment of goals. The interest rate must be set at no 'less than the implicit price deflator for government consumption expenditures and gross investment for state and local governments prepared by the Bureau of Economic Analysis of the United States Department of Commerce for the 12-month period ending March 31 of the . previous year. The grantor, after a public hearing, may extend for up to one year the period for meeting the wage and job goals under subdivision 4 provided in a subsidy agreement. A grantor may extend the period for meeting other goals under subdivision 3, paragraph (a), clause (3), by documenting in writing the reason for the extension and attaching a copy ofthe document to its next annual report to the department. Copyright <D 2008 by the Revisor of Statutes, State of Minnesota. All Rights Reserv~d. '