HF334 (Legislative Session 94 (2025-2026))
Greater Minnesota business development public infrastructure grant program funding provided, bonds issued, and money appropriated.
Related bill: SF584
AI Generated Summary
This legislative bill proposes that the state of Minnesota should allocate $20,000,000 from the bond proceeds fund to support the Greater Minnesota Business Development Public Infrastructure Grant Program. To fund this appropriation, the bill authorizes the sale and issuance of state bonds up to the amount of $20,000,000. These funds are intended to be used for grants that help develop business infrastructure in greater Minnesota, making it a better place for businesses to thrive. This effort is managed by the Commissioner of Employment and Economic Development, with the financial processes handled by the Commissioner of Management and Budget according to the state’s legal and constitutional guidelines.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 12, 2025 | House | Floor | Action | Introduction and first reading, referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [
"Appropriates $20,000,000 from the bond proceeds fund for grants."
],
"removed": [],
"summary": "Appropriation for the greater Minnesota business development public infrastructure grant program.",
"modified": []
},
"citation": "116J.431"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Provisions regarding the sale and issuance of state bonds to provide the appropriated money.",
"modified": [
"Terms and procedures under which the commissioner of management and budget may sell bonds."
]
},
"citation": "16A.631 to 16A.675"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Constitutional framework for issuing state bonds.",
"modified": [
"Guidelines and limitations on state borrowing as it pertains to the issuance of bonds."
]
},
"citation": "Minnesota Constitution article XI sections 4 to 7"
}
]