| 1 | 1 | | 1.1 A bill for an act |
|---|
| 2 | 2 | | 1.2 relating to economic development; forgiving loans under the Lake Mille Lacs area |
|---|
| 3 | 3 | | 1.3 economic relief program; amending Laws 2016, chapter 189, article 7, section 46, |
|---|
| 4 | 4 | | 1.4 as amended. |
|---|
| 5 | 5 | | 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
|---|
| 6 | 6 | | 1.6 Section 1. Laws 2016, chapter 189, article 7, section 46, the effective date, as amended |
|---|
| 7 | 7 | | 1.7by Laws 2017, chapter 94, article 6, section 20, is amended to read: |
|---|
| 8 | 8 | | 1.8 EFFECTIVE DATE.This section, except for subdivision 4, is effective July 1, 2016, |
|---|
| 9 | 9 | | 1.9and expires June 30, 2018. Subdivision 4 is effective July 1, 2016, and expires on the date |
|---|
| 10 | 10 | | 1.10the last loan is repaid or forgiven as provided under this section. |
|---|
| 11 | 11 | | 1.11 EFFECTIVE DATE.This section is effective retroactively from June 30, 2018. |
|---|
| 12 | 12 | | 1.12 Sec. 2. MILLE LACS LOAN FORGIVENESS. |
|---|
| 13 | 13 | | 1.13 Notwithstanding Laws 2016, chapter 189, article 7, section 46, subdivision 2, the |
|---|
| 14 | 14 | | 1.14commissioner of employment and economic development must request that Mille Lacs |
|---|
| 15 | 15 | | 1.15County forgive all outstanding loans issued under Minnesota Laws 2016, chapter 189, article |
|---|
| 16 | 16 | | 1.167, section 46. The commissioner shall modify as necessary any terms of the grant to Mille |
|---|
| 17 | 17 | | 1.17Lacs County that was made under that section. |
|---|
| 18 | 18 | | 1Sec. 2. |
|---|
| 19 | 19 | | REVISOR SS/CH 25-0369102/27/25 |
|---|
| 20 | 20 | | State of Minnesota |
|---|
| 21 | 21 | | This Document can be made available |
|---|
| 22 | 22 | | in alternative formats upon request |
|---|
| 23 | 23 | | HOUSE OF REPRESENTATIVES |
|---|
| 24 | 24 | | H. F. No. 2157 |
|---|
| 25 | 25 | | NINETY-FOURTH SESSION |
|---|
| 26 | 26 | | Authored by Kresha03/12/2025 |
|---|
| 27 | 27 | | The bill was read for the first time and referred to the Committee on Workforce, Labor, and Economic Development Finance and Policy |
|---|