Purpose of the Bill

The bill aims to support economic development in Dakota County, Minnesota, by allocating funds to the Dakota County Community Development Agency for activities related to Expo 2031.

Main Provisions

• Funding Appropriation: The bill allocates $1,000,000 from Minnesota's general fund for the fiscal year 2026 to the Dakota County Community Development Agency. This funding is intended for use by the Expo 2031 host organization.

• Use of Funds: The money can be used for various activities, including:

  • Necessary licensing fees required by law for public-private partnerships.
  • Finalizing development plans.
  • Reimbursement of costs incurred by the Dakota County Community Development Agency.

• Reimbursement and Timing: Both the host organization and the Dakota County Community Development Agency are eligible for reimbursement of expenses incurred up to 90 days before the funds are officially used.

Significant Changes to Existing Law

• The appropriation is a one-time allocation specifically for Expo 2031.
• If the project linked to Expo 2031 is not approved by the International Association of Horticultural Producers and the Bureau International des Expositions, the funds will be transferred to the Minnesota investment fund according to existing Minnesota Statutes, section 116J.8731.

Relevant Terms

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