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I I ! I I i I I I I ! i I i I I I I 4t19/B¢ [~EVI~OR ] RJS/$B CCP~HF~]I? economic development shall ac~ninlster the economic recover) 9rant pro,)ram as a ~ert of the small cities (~evelopm,ent program. Subd. 2. [E'CONOHIC RECOVERY G~ DEFIED.] "~conomic recovery qrant' means an a~reement between the state and an eIigJb)e recipient through vh~ch the stete provides ~0ne~ to carrv out specifie~ pro~ra~s~ services~ or a~tivit~es des~ned to create ney e~lo~ent~ ~ainta~n ex~stin~ e~lo~ent~ increase . the local tax base~ or otherwise increase econo~ic activit~ co~uni t~. ~u~. 3. [~ ~UA~IO~.3 ?he d~vision of co~unit~ ~evelo~ent in the ~epar~ent shall ecoe~t~ rev~e~ an~ evaluete applications ~or ~rants to locai un,ts of ~over~ent made accordance vith rules ado~te~ for economic development ~rants the s~alI cities ~evelo~ment ~ro~r~. Applications reco~en~e~ for fun~J~ inclu~in~ reco~ende~ ~ant avar~s, shall be s~tte~ b~ the d~vision to,the co~ssJoner for a~rovaI. S~, t. [~ ~I~I~S.] ~n economic recovery grant not be a~roved for an ~ount over' $50~000. ~he ~iv~sion reconen~ less fun~in~ than re~ueste~ ~f, ~n the o~nion of the ~v~s~on~ the ~o~nt req~este~ ~s ~ore than is ne~essar~ to ~eet the applicant's needs. If the ~ount of the ~rant is re~uce~r ~he r~sons for the reduction shall be ~ven to the · he ~ortion of an economic recovery ~rant that exceeds ~100~000 ~ust be repai~ to the state vhen Jt is repaid to the locaI co~un~t~ or rec~nlze~ Indian tri~I ~over~ent b~ the person or entlt~ to vhlch it vas loane~ b~ the local co~unJt~ or In~an tri~I ~ouer~ent. ~one~ re~ai~ to the state ~s approprlat~ to the co~Jssioner of ener~ an~ economic 2~ development for the put.se of ~akJn~ a~itJonal economic 30 recover~ grants. 31 Sec. 109. Minnesota Statutes 1982, section 116J.88, is 32 ~en~e~ by a~in9 a ~iv~s~on to read~ 33 6~. Sa. (W~TE TI~ ~lNa ~.] ~Waste tire 3t ~ecyclin9 loan' ~eans a loan to a business to finance ~5 acguisi~lon of l~d~ buildiggs~ or e~l~ent~, installation of 36 ~qu~pment~ construction of buildln~s~ and capital improvements 91