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

Actions

DateChamberWhereTypeNameCommittee Name
February 16, 2025SenateFloorActionIntroduction and first reading
February 16, 2025SenateFloorActionReferred toJobs 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"
  }
]