2007 Minnesota Statutes

469.091 ECONOMIC DEVELOPMENT AUTHORITY.
    Subdivision 1. Establishment. A city may, by adopting an enabling resolution in compliance
with the procedural requirements of section 469.093, establish an economic development
authority that, subject to section 469.092, has the powers contained in sections 469.090 to 469.108
and the powers of a housing and redevelopment authority under sections 469.001 to 469.047
or other law, and of a city under sections 469.124 to 469.134 or other law. If the economic
development authority exercises the powers of a housing and redevelopment authority contained
in sections 469.001 to 469.047 or other law, the city shall exercise the powers relating to a housing
and redevelopment authority granted to a city by sections 469.001 to 469.047 or other law.
    Subd. 2. Characteristics. An economic development authority is a public body corporate
and politic and a political subdivision of the state with the right to sue and be sued in its own
name. An authority carries out an essential governmental function when it exercises its power,
but the authority is not immune from liability because of this.
    Subd. 3. Unpaid officers, directors, and agents; liability. Section 317A.257 applies to
an economic development authority or to a nonprofit corporation exercising the powers of an
economic development authority.
History: 1987 c 291 s 92; 1994 c 623 art 5 s 2