Purpose of the Bill

The bill aims to support economic development by funding activities related to the Expo 2031 through the Dakota County Community Development Agency.

Main Provisions

• Funding Allocation: An appropriation of $1,000,000 is designated for fiscal year 2026 from Minnesota's general fund to support the Dakota County Community Development Agency.
• Usage of Funds: The funds are to be used by the host organization for purposes such as licensing fees, development planning, and reimbursement of costs connected to the Expo 2031 project.
• Agreement Requirement: The Dakota County Community Development Agency is required to form an agreement with the Expo 2031 host organization to specify the use of the money.
• Reimbursement Clause: The agency and the host organization may begin to be reimbursed for expenses up to 90 days before the money is officially committed.
• Project Approval Contingency: The effectiveness of this funding is contingent on project approval by the International Association of Horticultural Producers and the Bureau International des Expositions. If the project is not approved, the funds will be redirected to the Minnesota investment fund.

Significant Changes

• This appropriation is a one-time allocation and any unused funds by the end of the first year will carry over to the second year.

Relevant Terms

Dakota County Community Development Agency, Expo 2031, appropriation, economic development, public-private partnerships, International Association of Horticultural Producers, Bureau International des Expositions, Minnesota investment fund.