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the State Program Enabling Legislation indicates otherwise, the Program Grant shall be reduced <br />by the amount not needed. <br />Article III <br />USE CONTRACTS <br />This Ai title III arzd its contents is only needed and only a~~lies if the Public Entity enters into an <br />agr•eenrent ~~~ith another patty rrnder° ~~~hich such other°~art~> >~~ill operate arty ~or•tiorr of the Real <br />Property, and if applicable, Facility. For all other circrrnrstances this Article III and it contents <br />is riot needed ar~d s~honJd be ignored ar~d treated as if it ~~~ere left blank, and any reference to this <br />Article III, its contents, acrd the terra Use C'onttact in this A,Qreement shall be ignored and <br />treated as if the references cr'id not exist. <br />Section 3.01 General Provisions. If the Public Entity has statutory authority to enter <br />into a Use Contract, then it may enter into Use Contracts for various portions of the Real <br />Property and, if applicable, Facility; provided that each and every Use Contract that the Public <br />Entity enters into must comply with the following requirements: <br />A. The purpose for which it was entered into must be to operate the State Program <br />in the Real Property and, if applicable, Facility. <br />B. It must contain a provision setting forth the statutory authority under which the <br />Public Entity is entering into such contract, and must comply with the substantive and <br />procedural provisions of such statute. <br />C. It must contain a provision stating that it is being entered into in order for the <br />Counterparty to operate the State Program and must describe such program. <br />D. It must contain a provision that will provide for oversight by the Public Entity. <br />Such oversight may be accomplished by way of a provision that will require the <br />Counterparty to provide to the Public Entity: (i) an initial program evaluation report for the <br />first fiscal year that the Counterparty will operate the State Program, (ii) program budgets <br />for each succeeding fiscal year showing that forecast program revenues and additional <br />revenues available for the operation of the State Program (from all sources) by the <br />Counterparty will equal or exceed expenses for such operation for each succeeding fiscal <br />year, and (iii) a mechanism under which the Public Entity will amlually determine that the <br />Counterparty is using the portion of the Real Property and, if applicable, Facility that is the <br />subject of the Use Contract to operate the State Program. <br />E. It must allow for termination by the Public Entity in the event of a default <br />thereunder by the Counterparty, or in the event that the State Program is terminated or <br />changed in a manner that precludes the operation of such program in the portion of the Real <br />Property and, if applicable, Facility that is the subject of the Use Contract. <br />F. It must terminate upon the termination of the statutory authority under which <br />the Public Entity is operating the State Program. <br />DEED Greater MN Business Development Public Infrastructure Program I S Ver- 2/16/10 <br />Grant Agreement for Construction Grants (DEED GO GA- Cnstrctn Grnt) <br />