SF 471

1st Unofficial Engrossment - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to regional development commissions; 
  1.3             expanding the power to get and use real or personal 
  1.4             property; amending Minnesota Statutes 2004, section 
  1.5             462.391, subdivision 12. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2004, section 462.391, 
  1.8   subdivision 12, is amended to read: 
  1.9      Subd. 12.  [PROPERTY OWNERSHIP.] A commission may buy, 
  1.10  lease, acquire, own, hold, improve, and use real or personal 
  1.11  property or an interest in property, wherever located in the 
  1.12  state for purposes of housing the administrative office of the 
  1.13  regional commission, or to facilitate the development of 
  1.14  affordable housing opportunities in cooperation with federal, 
  1.15  state, regional, and local housing agencies or authorities or 
  1.16  local units of government.