SF584

SF584 (Legislative Session 94 (2025-2026))

Greater Minnesota business development public infrastructure grant program bond issue and appropriation

Related bill: HF334

AI Generated Summary

Senate File No. 584 is a legislative bill from Minnesota that focuses on supporting business development in the greater Minnesota area. Here’s a breakdown of the main points of the bill:

Purpose: The bill aims to fund the Greater Minnesota Business Development Public Infrastructure Grant Program.
Funding Amount: The bill appropriates $20,000,000 for this purpose.
Funding Source: The money for these grants will come from the bond proceeds fund.
Method of Funding: To generate the necessary funds, the bill authorizes the sale and issuance of state bonds up to the amount of $20,000,000.
Administration: The Minnesota Commissioner of Employment and Economic Development will oversee the distribution of the grants.

This bill, therefore, intends to strengthen economic development in greater Minnesota by providing financial assistance for public infrastructure projects conducive to business growth.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
January 22, 2025	House	Floor	Action	Introduction and first reading
January 22, 2025	Senate	Floor	Action	Introduction and first reading
January 22, 2025	House	Floor	Action	Referred to	Capital Investment
January 22, 2025	Senate	Floor	Action	Referred to	Capital Investment

Citations

[
  {
    "analysis": {
      "added": [
        "New grant funding appropriated from bond proceeds."
      ],
      "removed": [
        ""
      ],
      "summary": "Appropriates money for grants under the Greater Minnesota Business Development Public Infrastructure Grant Program.",
      "modified": [
        ""
      ]
    },
    "citation": "116J.431",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        "References bond sale procedures per state statutes."
      ],
      "removed": [
        ""
      ],
      "summary": "Governs the sale and issuance of state bonds for funding the appropriations.",
      "modified": [
        ""
      ]
    },
    "citation": "16A.631 to 16A.675",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [
        "New bond-related constitutional references made."
      ],
      "removed": [
        ""
      ],
      "summary": "Covers provisions in the Minnesota Constitution related to state bonding.",
      "modified": [
        ""
      ]
    },
    "citation": "Article XI, sections 4 to 7",
    "subdivision": ""
  }
]