Purpose of the Bill

The bill aims to support economic development in rural areas of Minnesota by providing funding to the Center for Rural Policy and Development. This initiative is intended to enhance the economic opportunities and growth in these communities.

Main Provisions

• Funding Allocation: The bill proposes an appropriation of $700,000 for each fiscal year 2026 and 2027. This money is to be allocated from the state's general fund specifically for the Center for Rural Policy and Development.

• Beneficiary: The Center for Rural Policy and Development, which is an organization focused on addressing the needs of rural communities in Minnesota, will receive these funds to further their work in economic policy research and development.

Significant Changes

• New Appropriations: This marks a specific allocation of government funds earmarked for rural policy development for two consecutive years, demonstrating continued or increased legislative support for rural economic development in Minnesota.

Relevant Terms

economic development, rural policy, funding allocation, general fund, fiscal years 2026 and 2027, Center for Rural Policy and Development, Minnesota.