Agenda - Council - 11/25/1981 - Laserfiche WebLink

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I I I I I I I I 604(5) 252 (6) 217 (8) 670(9) 657 (10) e) Require plaintiffs to provide a bond to pay defendent's reasonable legal costs if the plaintiff withdraws or loses the case. f) Liability for manufacturers will be limited based on "state of the art" when product was manufactured. Security laws would be modified to encourage the development of a new security known as a "Small Business Participating Debenture (SBPD's)." An SPBD can provide access to capital for small busi- nesses by allowing terms, rates and payments to vary with the profitability of the company, and can provide that dividends paid to investors are treated as capital gains. The estate tax should be eliminated to the extent %hat it exceeds the credit for State taxes on the Federal Estate Tax Return. Minnesota should establish as public policy that all persons have and shall be protected in the exercise of the right, freely and without fear of penalty or reprisal, to form, join or assist labor organizations or to refrain from any such activities, i.e., a right to work law. All State spending legislation should be tied to a specific revenue source by cQmbining existing State appropriation and tax committees similar to Federal government. Ail state programs, agencies and departments should be evaluated as to benefit versus cost, i.e., bidding out data processing during peak periods rather than hiring additional personnel. The set-aside program should be modified to: a) Expand set asides to cover virtually all State government purchases. b) Reconsider the percentages used in computing the set aside allotment. c) Allow flexibility in bids to prevent "specing out" the small or minority businesses. d) Form a citizen's advisory group to screen companies apply- ing as small or minority businesses, and to review the types of contracts let under set-aside programs. Tourism funding should be increased and the program should be ex- panded to better advertise all four seasons.