Minnesota Statutes 457A.02 – Program Established

Subdivision 1.Purpose of program.

A port development assistance program is established for the purpose of:

Terms Used In Minnesota Statutes 457A.02

state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44

(1) expediting the movement of commodities and passengers on the commercial navigation system;

(2) enhancing the commercial vessel construction and repair industry in Minnesota; and

(3) promoting economic development in and around ports and harbors in the state.

Subd. 2.Commissioner to administer.

The commissioner shall administer the port development assistance program to advance the purposes of subdivision 1. In administering the program, the commissioner may:

(1) make grants and loans to applicants eligible under section 457A.03, subdivision 1, to apply for them;

(2) make assistance agreements with recipients of grants and loans; and

(3) adopt rules authorized by section 457A.05.