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Current as of January 01, 2025 | Updated by Findlaw Staff
Subdivision 1. Establishment of fund. The Minnesota manufactured home relocation trust fund is established as a separate account in the housing development fund. The agency may use the money from the Minnesota manufactured home relocation trust fund to make payments to manufactured home owners undersection 327C.095, subdivision 13, paragraphs (a) and (e). All interest earned from the investment or deposit of money in the trust fund must be deposited in the trust fund. The Minnesota manufactured home relocation trust fund account shall consist of:
(1) payments collected from manufactured home park owners undersection 327C.095, subdivision 12, paragraph (a), and subdivision 13, paragraph (e);
(2) payments collected from manufactured home owners undersection 327C.095, subdivision 12, paragraph (c);
(3) interest earned on the money deposited into the trust fund; and
(4) other appropriated funds.
Subd. 2. Expending funds. The agency may expend the money in the Minnesota manufactured home relocation trust fund to the extent necessary to carry out the objectives ofsection 327C.095, subdivision 13, by making payments to manufactured home owners, or other parties approved by the third-party neutral, under subdivision 13, paragraphs (a) and (e), and to pay the costs of administering the fund. Money in the fund is appropriated to the agency for these purposes and to pay costs incurred to administer the fund.
Cite this article: FindLaw.com - Minnesota Statutes Local Government Police Powers (Ch. 460-463) § 462A.35. Minnesota manufactured home relocation trust fund - last updated January 01, 2025 | https://codes.findlaw.com/mn/local-government-police-powers-ch-460-463/mn-st-sect-462a-35/
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 before relying on it for your legal needs.
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