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MN HF2157
MN HF2157Mille Lacs County; Lake Mille Lacs area economic relief program loan forgiveness provided.
summary
Introduced
03/12/2025
03/12/2025
In Committee
03/12/2025
03/12/2025
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to economic development; forgiving loans under the Lake Mille Lacs area economic relief program; amending Laws 2016, chapter 189, article 7, section 46, as amended.
AI Summary
This bill addresses loan forgiveness for Mille Lacs County related to an economic relief program originally established in 2016. The legislation requires the commissioner of employment and economic development to request that Mille Lacs County forgive all outstanding loans that were issued under a specific economic development initiative from 2016. The bill effectively extends the timeline for loan repayment or forgiveness beyond the original June 30, 2018 expiration date, and retroactively applies this extension. By modifying the original law, the bill gives the county commissioner the authority to adjust the terms of the original grant and ensure that the remaining loans are fully forgiven. This appears to be a targeted measure to provide economic relief to Mille Lacs County by eliminating the financial burden of outstanding loans from the original economic development program.
Committee Categories
Labor and Employment
Sponsors (1)
Last Action
Introduction and first reading, referred to Workforce, Labor, and Economic Development Finance and Policy (on 03/12/2025)
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=HF2157&ssn=0&y=2025 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF2157&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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