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SF3380 (Legislative Session 94 (2025-2026))

Bioindustrial facilities payments appropriation

Related bill: HF3217

AI Generated Summary

Purpose of the Bill

This bill aims to support economic development by allocating funds to businesses involved in bioindustrial facilities. The objective is to encourage the production of advanced biofuels, renewable chemicals, and biomass thermal energy.

Main Provisions

  • Funding Allocation: The bill appropriates $15 million from the Minnesota Forward Fund for fiscal year 2026. This money will be used to support businesses that have invested in creating bioindustrial facilities prior to June 30, 2024.
  • Application Process: Starting August 1, 2026, the Commissioner of Employment and Economic Development will accept applications from bioindustrial facilities for payment. These facilities must be currently producing advanced biofuels, renewable chemicals, or biomass thermal energy.
  • Eligibility: Only companies that previously received incentive payments under specific Minnesota statutes (41A.16, 41A.17, or 41A.18) before January 31, 2025, are eligible. Applicants must submit claim copies made under the aforementioned statutes.
  • Payment Conditions: Payments will be made for any valid claims that remain unpaid as of May 15, 2025. This appropriation is a one-time provision and will remain available until July 1, 2027.

Significant Changes to Existing Law

  • The bill cancels a previous $15 million allocation for fiscal year 2024 from the Minnesota Forward Fund account, initially outlined in prior legislative documentation (Laws 2023, chapter 53, article 21, section 7).

Relevant Terms

bioindustrial facilities, advanced biofuels, renewable chemicals, biomass thermal energy, Minnesota Forward Fund, economic development, incentive payments, appropriation.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
April 09, 2025SenateFloorActionIntroduction and first reading
April 09, 2025SenateFloorActionReferred toJobs and Economic Development

Citations

 
[
  {
    "analysis": {
      "added": [
        "Appropriation for payments to bioindustrial facilities."
      ],
      "removed": [
        ""
      ],
      "summary": "The bill mentions payments under Minnesota Statutes section 41A.16 for bioindustrial facilities.",
      "modified": [
        ""
      ]
    },
    "citation": "41A.16",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        "Appropriation for payments to bioindustrial facilities."
      ],
      "removed": [
        ""
      ],
      "summary": "The bill references Minnesota Statutes section 41A.17 in relation to existing claims for bioindustrial facility funding.",
      "modified": [
        ""
      ]
    },
    "citation": "41A.17",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        "Appropriation for payments to bioindustrial facilities."
      ],
      "removed": [
        ""
      ],
      "summary": "Payments are made for activities under Minnesota Statutes section 41A.18 concerning bioindustrial facility initiatives.",
      "modified": [
        ""
      ]
    },
    "citation": "41A.18",
    "subdivision": ""
  }
]

Sponsors