Minnesota Statutes
Chapter 469 — Economic Development
Section 469.056 — Employees; Contracts; Audits.

Subdivision 1. Employees, Social Security. A port authority may employ or contract for the engineering, legal, technical, clerical, stenographic, accounting, and other assistance it considers advisable. An employee of a port authority under this chapter is an "employee" under section 355.01, subdivision 2e, and by appropriate action of the port authority is entitled to benefits under that section.
Subd. 2. Contracts. A port authority may contract to erect, repair, maintain or operate docks, warehouses, terminals, elevators, or other structures on or in connection with property it owns or controls. The authority may contract or arrange with the federal government, or any of its departments, with persons, public corporations, the state, or any of its political subdivisions, commissions, or agencies, for separate or joint action, on any matter related to using the authority's powers or doing its duties. The authority may contract to purchase and sell real and personal property. An obligation or expense must not be incurred unless existing appropriations together with the reasonably expected revenue of the port authority from other sources are sufficient to discharge the obligation or pay the expense when due. The state and its municipal subdivisions are not liable on the obligations. Notwithstanding section 16A.695, for leases or management contracts entered into with respect to property acquired or bettered with the proceeds of state general obligation bonds: (1) a seaway port authority may meet its obligations and expenses of operating and reinvest in capital improvements by retaining revenues received under the leases or management contracts and is not required to pay lease or management contract revenues to the commissioner of management and budget; and (2) the lease or management contract entered into by a seaway port authority must not be canceled or terminated as a result of changes or termination by the state in the governmental program of the seaway port authority unless compensation is paid as provided by law.
Subd. 3. Duluth; audits. A seaway port authority may employ a certified public accountant to annually examine and audit its books. The report of the exam and audit must be sent to the state auditor. The state auditor shall review the report and may accept it or in the public interest examine the books further.
Subd. 4. Compliance examinations. At the request of the city or upon the auditor's initiative, the state auditor may make a legal compliance examination of the authority for that city. Each authority examined must pay the total cost of the examination, including the salaries paid to the examiners while actually engaged in making the examination. The state auditor may bill monthly or at the completion of the audit. All collections received must be deposited in the general fund.
Subd. 5. Audits. The financial statements of the authority must be prepared, audited, filed, and published or posted in the manner required for the financial statements of the city that established the authority. The financial statements must permit comparison and reconciliation with the city's accounts and financial reports. The report must be filed with the state auditor by June 30 of each year. The auditor shall review the report and may accept it or, in the public interest, audit the books of the authority.
1987 c 291 s 57; 1989 c 335 art 4 s 87; 1996 c 452 s 35; 2009 c 101 art 2 s 109; 2016 c 158 art 1 s 186

Structure Minnesota Statutes

Minnesota Statutes

Chapters 466A - 470 — Local Economic Development

Chapter 469 — Economic Development

Section 469.001 — Purposes.

Section 469.002 — Definitions.

Section 469.003 — City Housing And Redevelopment Authority.

Section 469.004 — County And Multicounty Authorities.

Section 469.005 — Area Of Operation.

Section 469.006 — Appointment, Qualifications, Tenure Of Commissioners.

Section 469.007 — Powers Of County And Multicounty Authorities.

Section 469.008 — Effect Upon City Housing And Redevelopment Authorities.

Section 469.009 — Conflict Of Interest; Penalties For Failure To Disclose.

Section 469.010 — Removal; Hearing; Notice.

Section 469.011 — Authority Operations.

Section 469.012 — Public Body; Powers, Duties, Programs; Taxes Limited.

Section 469.013 — Accounting.

Section 469.014 — Liable In Contract Or Tort.

Section 469.015 — Letting Of Contracts; Performance Bonds.

Section 469.016 — Low-rent Housing.

Section 469.017 — Housing Development Projects.

Section 469.0171 — Housing Plan, Program, And Review.

Section 469.018 — Rentals.

Section 469.019 — Rentals, Tenant Admissions.

Section 469.020 — Discrimination Prohibited, Displaced Families.

Section 469.021 — Preferences.

Section 469.022 — Establishment Of Income Restriction.

Section 469.023 — Periodic Investigation Of Tenant.

Section 469.024 — Power Of Authority.

Section 469.025 — Demolition Of Unsafe Or Unsanitary Buildings.

Section 469.026 — Existing Buildings; Acquisition, Repair.

Section 469.027 — Redevelopment Plan.

Section 469.028 — Municipal Governing Body.

Section 469.029 — Disposal Of Property.

Section 469.030 — Temporary Relocation Of Displaced Families.

Section 469.0305 — Report On Loss Of Housing.

Section 469.031 — Provisional Acceptance By Authority Of Fund, Property.

Section 469.032 — Use Value.

Section 469.033 — Public Redevelopment Cost; Proceeds; Financing.

Section 469.034 — Bond Issue For Corporate Purposes.

Section 469.035 — Manner Of Bond Issuance; Sale.

Section 469.036 — When Bond Allocation Act Applies.

Section 469.037 — Enforcement By Obligee Of Contracts.

Section 469.038 — Bonds, A Legal Investment.

Section 469.039 — Exemption From Process.

Section 469.040 — Tax Status.

Section 469.041 — State Public Bodies, Powers As To Projects.

Section 469.042 — Agreement On Tax Increments; Equivalents.

Section 469.044 — Bond Pending Litigation.

Section 469.045 — Appearance Of Public Corporation; Bond.

Section 469.046 — Advance Of Litigation On Calendar.

Section 469.047 — Suit For Civil Damages.

Section 469.048 — Definitions.

Section 469.049 — Establishment; Characteristics.

Section 469.050 — Commissioners; Terms, Vacancies, Pay, Continuity.

Section 469.051 — Officers; Duties; Organizational Matters.

Section 469.052 — Depositories; Default; Collateral.

Section 469.0521 — Liable In Contract Or Tort.

Section 469.053 — Tax Levies; Fiscal Matters.

Section 469.054 — Use Of City Property, Services By Authority.

Section 469.055 — Powers And Duties.

Section 469.056 — Employees; Contracts; Audits.

Section 469.057 — Port Control By Others; Petition; Intervention.

Section 469.058 — Industrial Development Districts.

Section 469.059 — Development District Powers.

Section 469.060 — General Obligation Bonds.

Section 469.061 — Revenue Bonds; Pledge; Covenants.

Section 469.062 — Other Bonds.

Section 469.063 — When Bond Allocation Act Applies.

Section 469.064 — Port Authority Activities.

Section 469.065 — Sale Of Property.

Section 469.066 — Advances By Port Authority.

Section 469.067 — Finding Land Is Marginal Is Prima Facie Evidence.

Section 469.0671 — No State Bailout Of Port Authorities.

Section 469.068 — Bid Law For Construction Contracts.

Section 469.069 — Albert Lea.

Section 469.070 — Austin.

Section 469.071 — Bloomington.

Section 469.072 — Breckenridge.

Section 469.0721 — Cannon Falls; Redwood Falls; Port Authority.

Section 469.0722 — Limitation Of Powers.

Section 469.0723 — Procedural Requirement.

Section 469.0724 — General Obligation Bonds.

Section 469.0725 — Name.

Section 469.0726 — Removal Of Commissioners For Cause.

Section 469.073 — Detroit Lakes.

Section 469.074 — Duluth.

Section 469.075 — Fergus Falls.

Section 469.076 — Granite Falls.

Section 469.077 — Hastings.

Section 469.0772 — Koochiching County; Port Authority.

Section 469.0773 — Lake City.

Section 469.0775 — Mankato; Port Authority.

Section 469.078 — Minneapolis.

Section 469.079 — North Mankato.

Section 469.080 — Plymouth.

Section 469.081 — Red Wing.

Section 469.0813 — Rosemount; Port Authority.

Section 469.082 — Roseville; Port Authority.

Section 469.083 — St. Cloud.

Section 469.084 — St. Paul.

Section 469.085 — South Saint Paul.

Section 469.0855 — Wabasha.

Section 469.0856 — Ortonville.

Section 469.086 — Wadena.

Section 469.087 — Warroad.

Section 469.088 — White Bear Lake.

Section 469.089 — Winona.

Section 469.090 — Definitions.

Section 469.091 — Economic Development Authority.

Section 469.092 — Limit Of Powers.

Section 469.093 — Procedural Requirement.

Section 469.094 — Transfer Of Authority.

Section 469.095 — Commissioners; Appointment, Terms, Vacancies, Pay, Removal.

Section 469.096 — Officers; Duties; Organizational Matters.

Section 469.097 — Employees; Services; Supplies.

Section 469.098 — Conflict Of Interest.

Section 469.099 — Depositories; Default; Collateral.

Section 469.100 — Obligations.

Section 469.101 — Powers.

Section 469.102 — General Obligation Bonds.

Section 469.103 — Revenue Bonds; Pledge; Covenants.

Section 469.104 — Sections That Apply If Federal Limit Applies.

Section 469.105 — Sale Of Property.

Section 469.106 — Advances By Authority.

Section 469.107 — City May Levy Taxes For Economic Development Authority.

Section 469.108 — Special Law; Optional Use.

Section 469.1081 — Liable In Contract Or Tort.

Section 469.1082 — County Economic Development Authority Or Housing And Redevelopment Authority With Economic Development Powers.

Section 469.109 — Purpose.

Section 469.110 — Definitions.

Section 469.111 — Local Or Area Agencies; Establishment.

Section 469.112 — Municipalities May Join Together.

Section 469.113 — Conflict Of Interest.

Section 469.114 — Agencies; Meetings, Expenses.

Section 469.115 — Powers Of Agencies.

Section 469.116 — Bond Issue For Redevelopment Purposes.

Section 469.117 — Eminent Domain Proceedings.

Section 469.118 — Loans To Redevelopment Agencies.

Section 469.119 — Loan Application Requirements.

Section 469.122 — Limitation Of Powers.

Section 469.123 — Examination And Audit Of Local Agency.

Section 469.124 — Purpose.

Section 469.125 — Definitions.

Section 469.126 — Authority Granted.

Section 469.127 — Tax Status.

Section 469.128 — Grants.

Section 469.130 — Maintenance And Operation.

Section 469.131 — Administration.

Section 469.132 — Advisory Board.

Section 469.133 — Relocation.

Section 469.141 — Regulation To Protect Mined Underground Space.

Section 469.142 — Purposes.

Section 469.143 — Definitions.

Section 469.144 — Establishment; Board.

Section 469.145 — Financing Projects And Facilities.

Section 469.146 — Issuance Of Bonds And Notes.

Section 469.147 — Processing Agreement.

Section 469.148 — Applications For Loan Guaranties.

Section 469.149 — Agreements For Reservation Of Tax Increments.

Section 469.151 — State And County Not Liable On Bonds.

Section 469.152 — Purposes.

Section 469.153 — Definitions.

Section 469.154 — Department Of Employment And Economic Development Duties.

Section 469.155 — Powers.

Section 469.156 — Authorization Of Projects And Bonds.

Section 469.157 — Determination Of Cost Of Project.

Section 469.158 — Manner Of Issuance Of Bonds; Interest Rate.

Section 469.159 — Temporary Loans.

Section 469.160 — Validity Of Bonds; Presumption.

Section 469.161 — Limitation Of Powers By Resolution Or Ordinance.

Section 469.162 — Source Of Payment For Bonds.

Section 469.163 — Bondholders' Rights And Remedies.

Section 469.164 — Powers Added To Application Of Existing Laws And Rules.

Section 469.165 — Applicability Of Hra Provisions.

Section 469.1655 — Qualified Green Building And Sustainable Design Projects.

Section 469.166 — Definitions.

Section 469.167 — Border City Enterprise Zone; Duration.

Section 469.169 — Additional Border City Zone Allocations.

Section 469.171 — Border City Enterprise Zones; State Tax Reductions.

Section 469.172 — Development And Redevelopment Powers.

Section 469.173 — Administration.

Section 469.1731 — Border City Development Zones.

Section 469.1732 — Tax Incentives Within Development Zones.

Section 469.1733 — Disqualified Taxpayers.

Section 469.1734 — Tax Incentives Outside Zones.

Section 469.1735 — Limit On Tax Reductions; Applications Required.

Section 469.174 — Definitions.

Section 469.175 — Establishing, Changing Plan, Annual Accounts.

Section 469.176 — Limitations.

Section 469.1761 — Income Requirements; Housing Districts.

Section 469.1762 — Arbitration Of Disputes Over County Costs.

Section 469.1763 — Restrictions On Pooling; Five-year Limit.

Section 469.177 — Computation Of Tax Increment.

Section 469.1771 — Violations.

Section 469.178 — Tax Increment Bonding.

Section 469.1781 — Required Spending For Neighborhood Revitalization.

Section 469.1782 — Special Law Provisions.

Section 469.179 — Existing Projects; Effective Dates Of Amendments.

Section 469.1792 — Special Deficit Authority.

Section 469.1793 — Developer Obligations Continued.

Section 469.1794 — Duration Extension To Offset Deficits.

Section 469.180 — Development Pacts With Entities Of Other States.

Section 469.1811 — Property Tax Exempt; Agricultural Processing Facility.

Section 469.1812 — Definitions.

Section 469.1813 — Abatement Authority.

Section 469.1814 — Bonding Authority.

Section 469.1815 — Administrative.

Section 469.182 — Employment Bureaus; First Class Cities.

Section 469.183 — Bonds For Municipal Market; First Class Cities.

Section 469.1831 — Neighborhood Revitalization Program; First Class City.

Section 469.184 — Municipal Commercial Rehabilitation Loan Program.

Section 469.185 — Conveying Land To Promote Industry, Employment.

Section 469.186 — Bureau Of Information And Publicity; Statutory Cities.

Section 469.187 — First Class City Spending For Publicity; Publicity Board.

Section 469.188 — 2nd, 3rd Class City May Levy To Advertise Its Resources.

Section 469.189 — Spend To Advertise City; Statutory, 2nd, 3rd, 4th Class City.

Section 469.190 — Local Lodging Tax.

Section 469.191 — Contributions To Regional Or Local Organizations.

Section 469.192 — Economic Development Loans.

Section 469.193 — Foreign Trade Zones.

Section 469.194 — Lewis And Clark Water Project Bonding.

Section 469.201 — Definitions.

Section 469.202 — Designation Of Targeted Communities.

Section 469.203 — Targeted Community Revitalization And Financing.

Section 469.204 — Payment; Revolving Fund.

Section 469.205 — City Powers; Uses Of Targeted Community Money.

Section 469.206 — Hazardous Property Penalty.

Section 469.207 — Annual Audit And Report.

Section 469.309 — Rural Job Creation Grants.

Section 469.310 — Definitions.

Section 469.311 — Development Plan.

Section 469.312 — Job Opportunity Building Zones; Limitations.

Section 469.313 — Application For Designation.

Section 469.314 — Designation Of Job Opportunity Building Zones.

Section 469.315 — Tax Incentives Available In Zones.

Section 469.316 — Individual Income Tax Exemption.

Section 469.317 — Corporate Franchise Tax Exemption.

Section 469.318 — Jobs Credit.

Section 469.3181 — Create Automotive Recovery Jobs Credit.

Section 469.319 — Repayment Of Tax Benefits By Businesses That No Longer Operate In A Zone.

Section 469.3191 — Breach Of Agreements By Businesses That Continue To Operate In Zone.

Section 469.3192 — Prohibition Against Amendments To Business Subsidy Agreement.

Section 469.3193 — Certification Of Continuing Eligibility For Jobz Benefits.

Section 469.320 — Zone Performance; Remedies.

Section 469.3201 — Legislative Auditor; Audits Of Job Opportunity Building Zones And Business Subsidy Agreements.

Section 469.35 — Transit Improvement Area Accounts.

Section 469.351 — Transit Improvement Area Loan Program.

Section 469.40 — Definitions.

Section 469.41 — Destination Medical Center Corporation Established.

Section 469.42 — Officers; Duties; Organizational Matters.

Section 469.43 — Development Plan.

Section 469.44 — City Powers, Duties; Authority To Issue Bonds.

Section 469.45 — City Tax Authority.

Section 469.46 — County Tax Authority.

Section 469.47 — State Infrastructure Aid.

Section 469.50 — Definitions.

Section 469.51 — Regional Exchange District.

Section 469.52 — City Powers; Duties.

Section 469.53 — Regional Exchange District Public Infrastructure Projects.

Section 469.54 — State Value Capture.