reglab/housing_qa huggingface dataset:
MN Stat § 116P.12 (2021)
2021 Minnesota Statutes|Chapters 116P - 116Q — Environmental Protection Funds|Chapter 116P — Environment And Natural Resources Trust Fund|Section 116P.12 — Water System Improvement; Loan Program.

116P.12 WATER SYSTEM IMPROVEMENT; LOAN PROGRAM. Subdivision 1. Loans authorized. (a) If the principal of the trust fund equals or exceeds $200,000,000, the commission may vote to set aside up to five percent of the principal of the trust fund for water system improvement loans. The purpose of water system improvement loans is to offer below market rate interest loans to local units of government for the purposes of water system improvements. (b) The interest on a loan shall be calculated on the declining balance at a rate that is the greater of one percent or 50 percent of the secondary market yield of one-year United States Treasury bills calculated according to section 549.09, subdivision 1, paragraph (c). (c) An eligible project must prove that existing federal or state loans or grants have not been adequate. (d) Payments on the principal and interest of loans under this section must be credited to the trust fund. (e) Repayment of loans made under this section must be completed within 20 years. (f) The Minnesota Public Facilities Authority must report to the commission each year on any loans made to the authority under this section. Subd. 2. Application and administration. (a) The commission must adopt a procedure for the issuance of the water system improvement loans by the Public Facilities Authority. (b) The commission also must ensure that the loans are administered according to its fiduciary standards and requirements. History:  1988 c 690 art 1 s 16; 2018 c 214 art 4 s 4
MN Stat § 116P.16 (2021)
2021 Minnesota Statutes|Chapters 116P - 116Q — Environmental Protection Funds|Chapter 116P — Environment And Natural Resources Trust Fund|Section 116P.16 — Real Property Interests; Report.

116P.16 REAL PROPERTY INTERESTS; REPORT. (a) By December 1 each year, a recipient of an appropriation from the trust fund, that is used for the acquisition of an interest in real property, including, but not limited to, an easement or fee title, must submit annual reports on the status of the real property to the Legislative-Citizen Commission on Minnesota Resources or its successor in a form determined by the commission. The responsibility for reporting under this section may be transferred by the recipient of the appropriation to another person who holds the interest in the real property. To complete the transfer of reporting responsibility, the recipient of the appropriation must: (1) inform the person to whom the responsibility is transferred of that person's reporting responsibility; (2) inform the person to whom the responsibility is transferred of the property restrictions under section 116P.15; and (3) provide written notice to the commission of the transfer of reporting responsibility, including contact information for the person to whom the responsibility is transferred. (b) After the transfer, the person who holds the interest in the real property is responsible for reporting requirements under this section. History:  1Sp2005 c 1 art 2 s 136; 2006 c 243 s 21; 2013 c 52 s 7
MN Stat § 116P.17 (2021)
2021 Minnesota Statutes|Chapters 116P - 116Q — Environmental Protection Funds|Chapter 116P — Environment And Natural Resources Trust Fund|Section 116P.17 — Acquiring Lands Or Interest In Lands; Commissioner Approval.

116P.17 ACQUIRING LANDS OR INTEREST IN LANDS; COMMISSIONER APPROVAL. Subdivision 1. Commissioner approval. (a) A recipient of an appropriation from the trust fund who acquires an interest in real property must receive written approval from the commissioner of natural resources prior to the acquisition, if the interest is acquired in whole or in part with the appropriation. A recipient must request the commissioner's approval at least ten business days before the proposed acquisition. When a recipient requests approval under this subdivision, the recipient must simultaneously submit the same information to the commission. Conservation easements to be held by the Board of Water and Soil Resources, acquisitions of land in the metropolitan regional recreation open space systems as defined under section 473.351, subdivision 1, with appropriations to the Metropolitan Council, and acquisitions specifically identified in appropriation laws are not subject to commissioner approval under this section. (b) The commissioner shall approve acquisitions under this section only when the interest in real property: (1) is identified as a high priority by the commissioner and meets the objectives and criteria identified in the applicable acquisition plan for the intended management status of the property; or (2) is otherwise identified by the commissioner as a priority for state financing. Subd. 2. Value assessment. At least ten business days prior to acquiring an interest in real property with an appropriation from the trust fund, a recipient of an appropriation must submit the most recent tax assessed value and most recent tax statement of the real property and the amount the recipient plans to offer for the interest in real property to the commission and the commissioner of natural resources. Conservation easements to be held by the Board of Water and Soil Resources are not subject to the requirements of this section. The board shall keep a record of the tax assessed value of the real property at the time of acquisition and the most recent tax statement. History:  2010 c 362 s 3; 2013 c 52 s 8; 2014 c 226 s 3; 2017 c 96 s 5
MN Stat § 116P.18 (2021)
2021 Minnesota Statutes|Chapters 116P - 116Q — Environmental Protection Funds|Chapter 116P — Environment And Natural Resources Trust Fund|Section 116P.18 — Lands In Public Domain.

116P.18 LANDS IN PUBLIC DOMAIN. Money appropriated from the trust fund must not be used to purchase any land in fee title or a permanent conservation easement if the land in question is fully or partially owned by the state or a political subdivision of the state or was acquired fully or partially with state money, unless: (1) the purchase creates additional direct benefit to the protection, conservation, preservation, and enhancement of the state's air, water, land, fish, wildlife, and other natural resources; and (2) the purchase is approved, prior to the acquisition, by an affirmative vote of at least 12 members of the commission. History:   2013 c 52 s 9
MN Stat § 116P.19 (2021)
2021 Minnesota Statutes|Chapters 116P - 116Q — Environmental Protection Funds|Chapter 116P — Environment And Natural Resources Trust Fund|Section 116P.19 — Donations.

116P.19 DONATIONS. A recipient of money from the trust fund must not accept a monetary donation or payment from an owner of land that is acquired in fee in whole or in part with an appropriation from the trust fund that exceeds the documented expenses that are directly related to and necessary for activities specified in the work plan approved by the commission, unless expressly approved by the commission in the work plan. This section does not apply to: (1) donations that are not connected with the acquisition transaction; or (2) bargain sales, as defined by Code of Federal Regulations, title 26, section 1.1011-2, provided that the purchase price reimbursed by the state does not exceed the purchase price paid by the recipient. History:   2016 c 186 s 5
MN Stat § 116P.20 (2021)
2021 Minnesota Statutes|Chapters 116P - 116Q — Environmental Protection Funds|Chapter 116P — Environment And Natural Resources Trust Fund|Section 116P.20 — Easements; Monitoring And Enforcement Requirements.

116P.20 EASEMENTS; MONITORING AND ENFORCEMENT REQUIREMENTS. A recipient of money appropriated from the trust fund for easement monitoring and enforcement may spend the money only on activities included in an easement monitoring and enforcement plan contained within the work plan. Money received for monitoring and enforcement, including earnings on the money received, must be kept in a monitoring and enforcement fund held by the recipient and dedicated to monitoring and enforcing conservation easements in Minnesota. A recipient of an appropriation for easement monitoring and enforcement must, within 120 days after the close of the recipient's fiscal year, provide an annual financial report to the commission or the commission's successor on the easement monitoring and enforcement fund as specified in the work plan. Money appropriated from the trust fund for monitoring and enforcement of easements and earnings on the money appropriated revert to the state if: (1) the easement transfers to the state; (2) the recipient fails to file an annual financial report and then fails to cure the default within 30 days of notification of the default by the state; or (3) the recipient fails to comply with the terms of the monitoring and enforcement plan contained within the work plan and fails to cure the default within 90 days of notification of the default by the state. History:   2016 c 186 s 6
MN Stat § 116Q.01 (2021)
2021 Minnesota Statutes|Chapters 116P - 116Q — Environmental Protection Funds|Chapter 116Q — Great Lakes Protection Fund|Section 116Q.01 — Great Lakes Protection Fund.

116Q.01 GREAT LAKES PROTECTION FUND. The Great Lakes protection fund has been created by the governors of the eight Great Lakes states as a nonprofit corporation under the laws of the state of Illinois. The fund is a permanent endowment whose purpose is to advance the principles, goals, and objectives of the Great Lakes toxic substances control agreement executed by the governors of the eight Great Lakes states in May 1986 and to ensure the continuous development of needed scientific information, new cleanup technologies, and innovative methods of managing pollution problems as a cooperative effort in the Great Lakes region. The governor may enter this state as a member of the Great Lakes protection fund and do all things necessary or incidental to participate in the fund, as spelled out in its articles of incorporation, filed with the Illinois secretary of state on or about September 26, 1989, and its bylaws, as amended through September 26, 1989. If congressional consent to the Great Lakes protection fund carries with it conditions that materially change the provisions agreed to by the party states, this state reserves the option to terminate further participation in the fund. History:   1990 c 594 art 1 s 58
MN Stat § 116Q.02 (2021)
2021 Minnesota Statutes|Chapters 116P - 116Q — Environmental Protection Funds|Chapter 116Q — Great Lakes Protection Fund|Section 116Q.02 — State Receipts From Fund.

116Q.02 STATE RECEIPTS FROM FUND. Subdivision 1. Great Lakes protection account. Any money received by the state from the Great Lakes protection fund, whether in the form of annual earnings or otherwise, must be deposited in the state treasury and credited to a special Great Lakes protection account. Money in the account must be spent only as specifically appropriated by law for protecting water quality in the Great Lakes. Approved purposes include, but are not limited to, supplementing in a stable and predictable manner state and federal commitments to Great Lakes water quality programs by providing grants to finance projects that advance the goals of the regional Great Lakes toxic substances control agreement and the binational Great Lakes water quality agreement. Subd. 2. LCCMR review. The legislature intends not to appropriate money from the Great Lakes protection account until projects have been reviewed and recommended by the Legislative-Citizen Commission on Minnesota Resources. A work plan must be prepared for each project for review by the commission. The commission must recommend specific projects to the legislature. History:  1990 c 594 art 1 s 59; 2006 c 243 s 21
MN Stat § 116R.01 (2021)
2021 Minnesota Statutes|Chapters 116R - 116W — Business Development|Chapter 116R — Aircraft Facilities; State Financing|Section 116R.01 — Definitions.

116R.01 DEFINITIONS. Subdivision 1. Application. The definitions in this section apply to sections 116R.01 to 116R.15. Subd. 2. Bonds. "Bonds" means the bonds authorized under section 116R.02, subdivision 1, or bonds issued to refund these bonds, except for deficiency bonds. Subd. 3. Commissioner. "Commissioner" means the commissioner of management and budget. Subd. 4. Corporate headquarters. "Corporate headquarters" means the principal office from which the business of the corporation is conducted and the principal office of the chief executive officer of the corporation. Subd. 5. Deficiency bonds. "Deficiency bonds" means the bonds authorized under section 116R.13, subdivision 3, or bonds issued to refund these bonds. Subd. 6. Project. "Project" means the facilities or any property described in section 116R.02, subdivision 5. Subd. 7. Related person. "Related person" means any guarantor of the obligations of the lessee under the lease of a project and any other person whose relation to the lessee or the guarantor is that of a related person as defined in section 147 (a)(2) of the Internal Revenue Code of 1986, as amended through December 31, 1990, and whose financial condition the commissioner determines to be material for the purposes of carrying out the due diligence duties under section 116R.02. Subd. 8. State guaranteed bonds. "State guaranteed bonds" means all outstanding bonds secured as provided in section 116R.02, subdivision 4, paragraph (a). Subd. 9. Cash collateral. "Cash collateral" means cash or securities issued or unconditionally guaranteed as to payment of principal and interest by the United States of America and maturing or callable at the option of the holder within two years. History:  1991 c 350 art 1 s 1; 1993 c 13 art 1 s 24; 2007 c 138 s 1,16; 2009 c 101 art 2 s 109
MN Stat § 116R.03 (2021)
2021 Minnesota Statutes|Chapters 116R - 116W — Business Development|Chapter 116R — Aircraft Facilities; State Financing|Section 116R.03 — General Powers.

116R.03 GENERAL POWERS. For the purpose of exercising the specific powers authorized under sections 116R.01 to 116R.15 and effectuating the other purposes of sections 116R.01 to 116R.15, the commissioner may: (1) acquire, hold, pledge, assign, lease, or dispose of real or personal property or any interest in property, including a mortgage or security interest in a facility described in section 116R.02, subdivision 5; (2) enter into agreements, contracts, or other transactions with any federal or state agency, any person and any domestic or foreign partnership, corporation, association, or organization, including contracts or agreements for administration and implementation of all or part of sections 116R.01 to 116R.15; (3) acquire real property, or an interest therein, by purchase or foreclosure, where the acquisition is necessary or appropriate; (4) enter into agreements with lenders, borrowers, or the issuers of securities for the purpose of regulating the development and management of any facility financed in whole or in part by the proceeds of bonds or loans; (5) enter into agreements with other appropriate federal, state, or local governmental units; (6) contract with, use, or employ any federal, state, regional, or local public or private agency or organization, legal counsel, financial advisors, investment bankers or others, upon terms the commissioner considers necessary or desirable, to assist in the exercise of any of the powers authorized under sections 116R.01 to 116R.15 and to carry out the objectives of sections 116R.01 to 116R.15 and may pay for the services from bond proceeds or otherwise available department money; and (7) in the event of a default under the loan, lease agreement, or other revenue agreement, the facility, or any part of the facility, may be leased or sold to another person for any lawful purpose. The lease or sale is subject to the approval of the commissioner if there are bonds outstanding for financing the facility. The approval of the commissioner is not required if the bond trustee has taken control of the facility as a result of a default. History:  1991 c 350 art 1 s 3; 2007 c 138 s 6
MN Stat § 116R.07 (2021)
2021 Minnesota Statutes|Chapters 116R - 116W — Business Development|Chapter 116R — Aircraft Facilities; State Financing|Section 116R.07 — Pledges.

116R.07 PLEDGES. Any pledge made by the commissioner is valid and binding from the time the pledge is made. The money or property pledged and later received by the commissioner is immediately subject to the lien of the pledge without any physical delivery of the property or money or further act, and the lien of any pledge is valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the commissioner, whether or not those parties have notice of the lien or pledge. Neither the order nor any other instrument by which a pledge is created need be recorded. History:   1991 c 350 art 1 s 7
MN Stat § 116R.08 (2021)
2021 Minnesota Statutes|Chapters 116R - 116W — Business Development|Chapter 116R — Aircraft Facilities; State Financing|Section 116R.08 — Bonds; Nonliability Of Individuals.

116R.08 BONDS; NONLIABILITY OF INDIVIDUALS. The commissioner and the commissioner's staff and any person executing the bonds are not personally liable on the bonds or subject to any personal liability or accountability by reason of their issuance. History:   1991 c 350 art 1 s 8
MN Stat § 116R.09 (2021)
2021 Minnesota Statutes|Chapters 116R - 116W — Business Development|Chapter 116R — Aircraft Facilities; State Financing|Section 116R.09 — Bonds; Purchase And Cancellation.

116R.09 BONDS; PURCHASE AND CANCELLATION. The commissioner, subject to agreements with bondholders which may then exist, has power out of any funds available for the purpose to purchase bonds of the commissioner at a price not exceeding (a) if the bonds are then redeemable, the redemption price then applicable plus accrued interest to the next interest payment date thereon, or (b) if the bonds are not redeemable, the redemption price applicable on the first date after the purchase upon which the bonds become subject to redemption plus accrued interest to that date. History:   1991 c 350 art 1 s 9
MN Stat § 116R.10 (2021)
2021 Minnesota Statutes|Chapters 116R - 116W — Business Development|Chapter 116R — Aircraft Facilities; State Financing|Section 116R.10 — State Pledge Against Impairment Of Contracts.

116R.10 STATE PLEDGE AGAINST IMPAIRMENT OF CONTRACTS. The state pledges and agrees with the holders of any bonds that the state will not limit or alter the rights vested in the commissioner to fulfill the terms of any agreements made with the bondholders, or in any way impair the rights and remedies of the holders until the bonds, together with interest on them, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of the bondholders, are fully met and discharged. The commissioner may include this pledge and agreement of the state in any agreement with the holders of bonds issued under sections 116R.01 to 116R.15. History:  1991 c 350 art 1 s 10; 2007 c 138 s 16
MN Stat § 116R.11 (2021)
2021 Minnesota Statutes|Chapters 116R - 116W — Business Development|Chapter 116R — Aircraft Facilities; State Financing|Section 116R.11 — Aircraft Facilities Funds And Debt Service Accounts.

116R.11 AIRCRAFT FACILITIES FUNDS AND DEBT SERVICE ACCOUNTS. Subdivision 1. Funds. The commissioner or any trustee appointed by the commissioner under sections 116R.01 to 116R.15 shall establish and maintain an aircraft facilities fund for the project described in section 116R.02, subdivision 5. Except for amounts required by the commissioner to be deposited in a debt service account, proceeds of each issue of bonds authorized under section 116R.02, subdivision 1, must be deposited in a separate account, debt service reserve, or other account designated by the commissioner. Money in the account is appropriated to the commissioner. The commissioner or the owner of the project described in section 116R.02, subdivision 5, may withdraw proceeds of bonds for application to the appropriated purposes in the manner provided by order of the commissioner or in any indenture authorized by order of the commissioner. The commissioner may establish whatever accounts might be necessary to carry out sections 116R.01 to 116R.15. All deposits into and disbursements from accounts for the purposes and from the sources of revenue authorized by sections 116R.01 to 116R.15 and provided in an order of the commissioner or an indenture or other agreement authorized by the commissioner are appropriated for that purpose. Subd. 2. Accounts. The commissioner of management and budget or any trustee appointed by the commissioner under sections 116R.01 to 116R.15 shall maintain permanently on official books and records debt service accounts separate from all other funds and accounts, to record all receipts and disbursements of money for principal and interest payments on each series of bonds. No later than the due date of each principal and interest payment on the bonds, the commissioner shall withdraw from the proceeds of the bonds, or from revenues on hand and available for the purpose, and shall deposit in the debt service accounts the amount, if any, required to be deposited in the account by the order of the commissioner or any indenture authorized by an order of the commissioner. All amounts in any debt service account are appropriated for the payment of principal, premiums, and interest for the bonds to which the account relates. If the Minnesota Constitution, article XI, section 7, applies to any series of bonds, amounts in the debt service account and any debt service reserve account established under section 116R.13 for the bonds, regardless of who holds or invests the amounts, must be special accounts of the state bond fund, for which the commissioner of management and budget shall maintain records. Amounts in the accounts must reduce any levy otherwise required by the Minnesota Constitution for payment of principal or interest on the bonds. History:  1991 c 350 art 1 s 11; 2003 c 112 art 2 s 50; 2007 c 138 s 8,16; 2009 c 101 art 2 s 109
MN Stat § 116R.12 (2021)
2021 Minnesota Statutes|Chapters 116R - 116W — Business Development|Chapter 116R — Aircraft Facilities; State Financing|Section 116R.12 — Powers And Duties Of Trustee.

116R.12 POWERS AND DUTIES OF TRUSTEE. Subdivision 1. General. The trustee, if any, designated in any indenture or order securing an issue of bonds may, in the trustee's own name, if so provided in the indenture or order: (1) enforce all rights of the bondholders, including the right to require the commissioner to collect fees, charges, interest, and payments on leases, loans, or interests therein held by the commissioner and eligible securities purchased by it adequate to carry out any agreement as to, or pledge of, those fees, charges, and payments, and to require the commissioner to carry out any other agreements with the holders of the bonds and to perform the duties required under sections 116R.01 to 116R.15; (2) bring suit upon the bonds; (3) require the commissioner to account as if it were the trustee of any express trust for the holders of the bonds; (4) enjoin any acts or things which may be unlawful or in violation of the rights of holders of the bonds; or (5) upon a default as defined in any bond, order, or indenture, declare all the bonds due and payable, enforce any remedy available under law, and if all defaults are made good, the trustee may annul the declaration and consequences. Subd. 2. Additional powers. In addition to the powers in subdivision 1, the trustee has all of the powers necessary or appropriate for the exercise of any functions specifically set forth in this section or incident to the general representation of bondholders in the enforcement and protection of their rights. Subd. 3. Venue. The venue of any action or proceedings brought by a trustee is in Ramsey County. Subd. 4. Approval. The approval of the commissioner is not required if the bond trustee has taken control of the facility as a result of a default. History:  1991 c 350 art 1 s 12; 2007 c 138 s 9,16