Bill > HF334

This bill appropriates $20 million from state bond proceeds to the commissioner of employment and economic development specifically for grants under 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 fund these grants, following established procedures outlined in Minnesota Statutes sections 16A.631 to 16A.675 and in accordance with the Minnesota Constitution's bonding provisions. The grant program is designed to support infrastructure development in Greater Minnesota, which typically refers to areas of the state outside the metropolitan Twin Cities region, with the aim of promoting economic growth and business development in these areas. The bill becomes effective immediately after it is enacted, allowing for prompt implementation of the infrastructure grant funding.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0334&ssn=0&y=2025