SF1521 (Legislative Session 94 (2025-2026))
Small business assistance partnerships program appropriation
Related bill: HF1965
AI Generated Summary
Senate File No. 1521 is a proposal presented to the Minnesota state legislature. This bill focuses on economic development by allocating funds to support small business assistance through partnerships. Specifically, it proposes to appropriate a sum of $6,425,000 for each of the fiscal years 2026 and 2027. These funds are earmarked for the Small Business Assistance Partnerships Program, which is governed by the Minnesota Statutes section 116J.682. The bill allows the department in charge to use up to five percent of this amount for administrative costs. The grants provided by this program will cover a period of two consecutive years, with the awards being granted in the first year. Funding for this program is considered a one-time appropriation from the state's general fund managed by the Commissioner of Employment and Economic Development.
Bill text versions
- Introduction PDF file
Actions
Date | Chamber | Where | Type | Name | Committee Name |
---|---|---|---|---|---|
February 16, 2025 | Senate | Floor | Action | Introduction and first reading | |
February 16, 2025 | Senate | Floor | Action | Referred to | Jobs and Economic Development |
Citations
[ { "analysis": { "added": [ "Appropriations for fiscal years 2026 and 2027." ], "removed": [], "summary": "This bill appropriates funds for the small business assistance partnerships program under section 116J.682.", "modified": [ "Specifies grant awards to be for two consecutive years." ] }, "citation": "116J.682" } ]