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CHAPTER 15 <br />E. Corporations <br />Minn. Stat. § 465.717; Minn. Cities must not create nonprofit corporations unless authorized to do so by <br />Stat. § 471.s9; special legislation. The law allows incorporation of a joint powers entity, but <br />LMCIT risk information memo, these must comply with all applicable public sector laws (open meeting, gift <br />Liability Coverage for Joint <br />Powers Agreements. <br />laW, conflicts of interest, competitive bidding, etc.) and must be separately <br /> insured. <br />V. Federal development tools <br />A. Community development block grants <br />More information is available on The Community Development Block Grant (CDBG) program, under the <br />the HvD Web site. U.S. Department of Housing and Urban Development (HUD), provides <br />cities with federal funding to initiate and continue a diverse array of housing <br />and community development projects. <br />B. Rural development grants <br />For more information, contact A variety of grants and loans to encourage economic development are <br />Rural Development State Office available to cities from the U. S. De artment of A lculture, rural <br />p gr <br />410 Farm Credit Service Building <br />375 Jackson Street St. Paul, MN development program. Sewer, water, rural enterprise, housing, and other <br />sslol-tas3, (651)602-7800; See apes of grants and loans are available. <br />also, Handbook, Chapter 2s. <br />VI. How this chapter applies to <br />home rule charter cities <br />All of the tools this chapter lists are available to charter cities. The general <br />discussions also apply to all cities. <br />15:20 <br />LEAGUE OF MINNESOTA CTTIES <br />This chapter last revised 12/1/2011 <br />