Bill
Bill > HF4545
summary
Introduced
03/04/2024
03/04/2024
In Committee
03/04/2024
03/04/2024
Crossed Over
Passed
Dead
05/20/2024
05/20/2024
Introduced Session
93rd Legislature 2023-2024
Bill Summary
A bill for an act relating to economic development; appropriating money for a grant to Propel Nonprofits.
AI Summary
This bill appropriates $497,000 in fiscal year 2025 from the general fund to the Minnesota Department of Employment and Economic Development (DEED) for a grant to Propel Nonprofits, a nonprofit organization, to establish a microloan capital program. The program will provide assistance, including loans, forgivable loans, working capital grants, and technical support, to organizations that primarily serve historically underserved communities. Up to 5% of the funds may be used by Propel Nonprofits for administrative costs, and this is a one-time appropriation.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Hearing (10:30:00 3/13/2024 ) (on 03/13/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF4545&ssn=0&y=2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF4545&version=0&session=ls93&session_year=2024&session_number=0&format=pdf |
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