PROGRAM ESTABLISHED.

457A.02 PROGRAM ESTABLISHED. § Subdivision 1.Purpose of program. A port development assistance program is established for the purpose of: (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. History: 1991 c 298 art 3 s 2; 1995 c 265 art 2 s 30