1.1 A bill for an act
1.2 relating to capital investment; appropriating money for the greater Minnesota
1.3 business development public infrastructure grant program; authorizing the sale
1.4 and issuance of state bonds.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. GREATER MINNESOTA BUSINESS DEVELOPMENT PUBLIC
1.7INFRASTRUCTURE.
1.8 Subdivision 1.Appropriation.$20,000,000 is appropriated from the bond proceeds
1.9fund to the commissioner of employment and economic development for grants under the
1.10greater Minnesota business development public infrastructure grant program under Minnesota
1.11Statutes, section 116J.431.
1.12 Subd. 2.Bond sale.To provide the money appropriated in this section from the bond
1.13proceeds fund, the commissioner of management and budget shall sell and issue bonds of
1.14the state in an amount up to $20,000,000 in the manner, upon the terms, and with the effect
1.15prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
1.16Constitution, article XI, sections 4 to 7.
1.17 EFFECTIVE DATE.This section is effective the day following final enactment.
1Section 1.
REVISOR JSK/DG 25-0060211/14/24
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 334
NINETY-FOURTH SESSION
Authored by Johnson, P., and Skraba02/13/2025
The bill was read for the first time and referred to the Committee on Capital Investment