2005 Minnesota Statutes - 116J.413 — Powers relating to rural development.

     116J.413 Powers relating to rural development. 


    Subdivision 1.    Contracts.  The commissioner may enter 
 into contracts and grant agreements necessary to carry out the 
 commissioner's responsibilities. 


    Subd. 2.    Gifts; grants.  The commissioner may apply 
 for, accept, and disburse gifts, grants, loans, or other 
 property from the United States, the state, private foundations, 
 or any other source; may enter into an agreement required for 
 the gifts, grants, or loans; and may hold, use, and dispose of 
 its assets in accordance with the terms of the gift, grant, 
 loan, or agreement.  Money received by the commissioner under 
 this subdivision must be deposited in a separate account in the 
 state treasury and invested by the state Board of Investment.  
 The amount deposited, including investment earnings, is 
 appropriated to the commissioner to carry out duties under this 
 section.  


    HIST: 1987 c 386 art 1 s 5; 1995 c 224 s 63; 1996 c 369 s 
 10,12