Minnesota § 471.562 - DEFINITIONS
Full text of Minnesota Minnesota Statutes § 471.562 — DEFINITIONS, with citation guidance and answers to common questions.
§ 471.562. DEFINITIONS
Subdivision 1.Applicability.
In sections 471.562 to 471.564, the terms defined in this section have the meanings given in this section.
Subd. 2.Economic development loan repayment.
"Economic development loan repayment" means any payment received or to be received by a municipality with respect to a loan made by the municipality for economic development purposes from the proceeds of a federal or state grant, from the proceeds of bonds issued pursuant to section 471.564 or from municipal resources appropriated for that purpose.
Subd. 3.Municipality.
"Municipality" means a statutory city, a home rule charter city, a housing and redevelopment authority created pursuant to, or exercising the powers of such an authority contained in, chapter 469, a port authority created pursuant to, or exercising the powers of such an authority contained in, chapter 469, or an economic development authority created pursuant to or exercising the powers of such an authority contained in chapter 469.
Subd. 4.Project.
"Project" means an industrial development district as defined in section 469.058, subdivision 1; a project as defined in section 469.002, subdivision 12; a development district as defined in sections 469.124 to 469.133 or any special law; or a project as defined in section 469.153, subdivision 2.
Subd. 5.Secondary market.
A municipality may sell, at private or public sale, at the price or prices determined by the municipality, a note, mortgage, lease, sublease, lease purchase, or other instrument or obligation evidencing or securing a loan described in subdivision 2.
History:
1987 c 344 s 10; 1989 c 209 art 2 s 44; 1994 c 614 s 14,15; 2013 c 125 art 1 s 107
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 471.562
What does Minnesota Statutes § 471.562 cover?
Section 471.562 ("DEFINITIONS") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 471.562?
A common citation format is "Minnesota Statutes § 471.562" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 471.562 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.