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HF3217 (Legislative Session 94 (2025-2026))

Payments to bioindustrial facilities funding provided, and money appropriated.

Related bill: SF3380

AI Generated Summary

Purpose of the Bill

The purpose of this bill is to provide financial support for bioindustrial facilities in Minnesota. It aims to incentivize development and operations in the bioindustrial sector, highlighting the production of advanced biofuels, renewable chemicals, and biomass thermal energy.

Main Provisions

  • The bill allocates $15,000,000 in fiscal year 2026 from the Minnesota forward fund for payments to companies involved in bioindustrial projects.
  • These payments are targeted at businesses that have invested in land development, utility infrastructure, construction, and machinery for bioindustrial facilities that began production before June 30, 2024.
  • Starting on August 1, 2026, the Minnesota Department of Employment and Economic Development will start accepting applications for these payments.
  • Payments are specifically for companies that previously received incentive payments under Minnesota Statutes sections 41A.16, 41A.17, or 41A.18 before January 31, 2025.
  • Applications must include claims that were made and unpaid as of May 15, 2025.

Significant Changes to Existing Law

  • The bill cancels the previous allocation of $15,000,000 from the Minnesota forward fund account stipulated for fiscal year 2024, effectively redirecting these resources to the 2026 fiscal allocation.

Relevant Terms

  • Economic Development
  • Bioindustrial Facilities
  • Advanced Biofuels
  • Renewable Chemicals
  • Biomass Thermal Energy
  • Minnesota Forward Fund
  • Incentive Payments

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
April 20, 2025HouseFloorActionIntroduction and first reading, referred toWorkforce, Labor, and Economic Development Finance and Policy
April 20, 2025HouseFloorActionIntroduction and first reading, referred toWorkforce, Labor, and Economic Development Finance and Policy

Citations

 
[
  {
    "analysis": {
      "added": [
        "Appropriates funds for existing facilities' claims under section 41A.16."
      ],
      "removed": [],
      "summary": "The bill involves payments to bioindustrial facilities that previously received incentive payments under section 41A.16.",
      "modified": []
    },
    "citation": "41A.16",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        "Appropriates funds for existing facilities' claims under section 41A.17."
      ],
      "removed": [],
      "summary": "The bill involves payments to bioindustrial facilities that previously received incentive payments under section 41A.17.",
      "modified": []
    },
    "citation": "41A.17",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        "Appropriates funds for existing facilities' claims under section 41A.18."
      ],
      "removed": [],
      "summary": "The bill involves payments to bioindustrial facilities that previously received incentive payments under section 41A.18.",
      "modified": []
    },
    "citation": "41A.18",
    "subdivision": ""
  }
]

Sponsors