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SF2872 (Legislative Session 94 (2025-2026))

Isuroon grant appropriation

AI Generated Summary

Purpose of the Bill

The purpose of this bill is to allocate funds for capital investment, specifically providing financial support to a nonprofit organization for a shelter construction project in Minneapolis.

Main Provisions

  • The bill proposes an appropriation from the general fund amounting to $10,000,000.
  • The funds are designated for the fiscal year 2026.
  • The appropriation is intended for the commissioner of employment and economic development to distribute a grant.
  • The recipient of the grant is Isuroon, a recognized 501(c)(3) nonprofit organization.
  • The grant is aimed at supporting the construction, furnishing, and equipping of a new shelter facility in Minneapolis.
  • This grant is a one-time allocation and will remain available until the project is completed or abandoned, as per existing Minnesota law.

Significant Changes to Existing Law

  • The bill introduces a specific allocation of funds to support a nonprofit organization for a construction project, which is a new appropriation not currently covered under existing allocations.

Relevant Terms

capital investment, grant, Isuroon, nonprofit organization, shelter facility, Minneapolis, appropriation, general fund, construction project, fiscal year 2026.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 23, 2025SenateFloorActionIntroduction and first reading
March 23, 2025SenateFloorActionIntroduction and first reading
March 23, 2025SenateFloorActionReferred toCapital Investment

Citations

 
[
  {
    "analysis": {
      "added": [
        "Clarifies the duration for which the appropriated funds are available."
      ],
      "removed": [],
      "summary": "The bill references the conditions under which appropriations are canceled under section 16A.642.",
      "modified": []
    },
    "citation": "16A.642"
  }
]

Sponsors