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• <br /> B. Maintain Facility <br /> The recipient agrees to maintain and operate its facility at the site where the <br /> subsidy is used for a period of five years after the date the subsidy is provided. <br /> C. Failure to Comply <br /> Businesses failing to comply with the subsidy agreement will be subject to fines, <br /> repayment requirements at the rate established within the MN Business Subsidy <br /> Law,and be deemed ineligible by the State to receive any loans or grants from <br /> public entities for a period of five years. <br /> 411 <br /> • <br /> City of Elk River Business Subsidy Policy 6 <br /> Amended May 2006 <br />