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HF 3713

as introduced - 90th Legislature (2017 - 2018) Posted on 03/12/2018 02:26pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13

A bill for an act
relating to economic development; providing for a grant from the Minnesota
Investment Fund.

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

Section 1. new text begin MINNESOTA INVESTMENT FUND; LACTIC ACID PRODUCTION
INITIATIVE.
new text end

new text begin Of the amount available under Minnesota Statutes, section 116J.8731, in fiscal year
2018, $1,000,000 is for a grant to the city of Minnetonka for a high-risk, high-return jobs
retention and creation initiative to be conducted by a local organization that produces lactic
acid/lactate, to help grow and expand the bioeconomy in Minnesota. The grant under this
section is not subject to the limitations under Minnesota Statutes, section 116J.8731,
subdivision 5, or the performance goals and contractual obligations under Minnesota Statutes,
section 116J.8731, subdivision 7. This is a onetime appropriation.
new text end