HF 1720

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/15/2023 12:31pm

A bill for an act
relating to capital investment; appropriating money for a grant to the Latino
Economic Development Center for their building in St. Paul.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin LATINO ECONOMIC DEVELOPMENT CENTER; APPROPRIATION.
new text end

new text begin $5,000,000 in fiscal year 2024 is appropriated from the general fund to the commissioner
of employment and economic development for a grant to the Latino Economic Development
Center for replacement of mechanical systems, construction or renovation of interior spaces,
and other improvements of a capital nature to their building that will operate as a small
business incubator on Payne Avenue and serve other community uses. This appropriation
is available until the project is completed or abandoned, subject to Minnesota Statutes,
section 16A.642.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end