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Current as of January 01, 2023 | Updated by FindLaw Staff
Subdivision 1.Account established. The border-to-border broadband fund account is established as a separate account in the special revenue fund in the state treasury. The commissioner shall credit to the account appropriations and transfers to the account. Earnings, such as interest, dividends, and any other earnings arising from assets of the account, must be credited to the account. Funds remaining in the account at the end of a fiscal year are not canceled to the general fund, but remain in the account until expended. The commissioner shall manage the account.
Subd. 2. Expenditures. Money in the account may be used only:
(1) for grant awards made under sections 116J.395 and 116J.3951, including costs incurred by the Department of Employment and Economic Development to administer that section;
(2) to supplement revenues raised by bonds sold by local units of government for broadband infrastructure development; or
(3) to contract for the collection of broadband deployment data from providers and the creation of maps showing the availability of broadband service.
Subd. 3.Appropriation. Money in the account is appropriated to the commissioner for the purposes of subdivision 2.
Cite this article: FindLaw.com - Minnesota Statutes Economic Development and Planning (Ch. 116J-116O) § 116J.396. Border-to-border broadband fund - last updated January 01, 2023 | https://codes.findlaw.com/mn/economic-development-and-planning-ch-116j-116o/mn-st-sect-116j-396/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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