SF584 (Legislative Session 94 (2025-2026))
Greater Minnesota business development public infrastructure grant program bond issue and appropriation
Related bill: HF334
AI Generated Summary
Senate File No. 584 is a legislative bill from Minnesota that focuses on supporting business development in the greater Minnesota area. Here’s a breakdown of the main points of the bill:
Purpose: The bill aims to fund the Greater Minnesota Business Development Public Infrastructure Grant Program.
Funding Amount: The bill appropriates $20,000,000 for this purpose.
Funding Source: The money for these grants will come from the bond proceeds fund.
Method of Funding: To generate the necessary funds, the bill authorizes the sale and issuance of state bonds up to the amount of $20,000,000.
Administration: The Minnesota Commissioner of Employment and Economic Development will oversee the distribution of the grants.
This bill, therefore, intends to strengthen economic development in greater Minnesota by providing financial assistance for public infrastructure projects conducive to business growth.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 22, 2025 | Senate | Floor | Action | Introduction and first reading | |
| January 22, 2025 | Senate | Floor | Action | Referred to | Capital Investment |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "Appropriation for the greater Minnesota business development public infrastructure grant program under section 116J.431.",
"modified": []
},
"citation": "116J.431"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Bond sale and issuance to be conducted under sections 16A.631 to 16A.675.",
"modified": []
},
"citation": "16A.631 to 16A.675"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Bond sale terms and effects prescribed by the Minnesota Constitution article XI, sections 4 to 7.",
"modified": []
},
"citation": "Minnesota Constitution article XI sections 4 to 7"
}
]