Bill > SF584

This bill appropriates $20 million from state bond proceeds to the Minnesota Department of Employment and Economic Development to fund the Greater Minnesota Business Development Public Infrastructure Grant Program. The bill authorizes the commissioner of management and budget to sell and issue state bonds up to $20 million to finance these grants, following the procedures outlined in state statutes and the Minnesota Constitution. The grant program is designed to support infrastructure development in Greater Minnesota, which typically refers to areas outside the Minneapolis-Saint Paul metropolitan area, with the goal of promoting economic growth and business development in rural parts of the state. The bonds will be sold according to standard state bonding procedures, and the bill becomes effective immediately after it is enacted. By providing this funding, the bill aims to enhance economic opportunities and infrastructure in smaller, less urbanized regions of Minnesota.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0584&ssn=0&y=2025