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.
25-00602 as introduced11/14/24 REVISOR JSK/DG
SENATE
STATE OF MINNESOTA
S.F. No. 584NINETY-FOURTH SESSION
(SENATE AUTHORS: JASINSKI, Hauschild and Putnam)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/23/2025
Referred to Capital Investment