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SF3500 (Legislative Session 94 (2025-2026))

Dakota County Community Development Agency for Expo 3031 appropriation

Related bill: HF3313

AI Generated Summary

Purpose of the Bill

The bill is designed to support economic development in Minnesota by allocating funds to the Dakota County Community Development Agency for organizing Expo 2031.

Main Provisions

  • Appropriation of Funds: The bill proposes an appropriation of $1,000,000 from the general fund for fiscal year 2026. These funds are intended to support the Dakota County Community Development Agency and the Expo 2031 host organization.
  • Usage of Funds: The funds are earmarked for necessary licensing fees, finalizing development planning, and reimbursement of costs related to public-private partnerships. Both the host organization and the Dakota County Community Development Agency can be reimbursed for eligible expenses incurred up to 90 days before the commitment of funds.
  • Contingent Approval: The funding is contingent on the approval of the project by the International Association of Horticultural Producers and the Bureau International des Expositions. If the project does not receive approval, the appropriated money will be redirected to the Minnesota investment fund.

Significant Changes

  • This bill represents a one-time financial commitment to support the Expo 2031, with a specific focus on facilitating the event's development and associated economic activities.
  • It introduces a provision for reallocating funds in case of non-approval, ensuring that state resources are utilized effectively.

Relevant Terms

  • Economic development
  • Expo 2031
  • Dakota County Community Development Agency
  • Public-private partnership
  • Licensing fees
  • International Association of Horticultural Producers
  • Bureau International des Expositions
  • Minnesota investment fund

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
May 08, 2025SenateFloorActionIntroduction and first reading
May 08, 2025SenateFloorActionReferred toJobs and Economic Development

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This section refers to the conditions under which the Minnesota investment fund receives funds if the Expo 2031 project is not approved.",
      "modified": []
    },
    "citation": "116J.8731",
    "subdivision": ""
  }
]

Progress through the legislative process

17%
In Committee

Sponsors