1.1 	A bill for an act
1.2 	relating to economic development; appropriating money to the Initiative Foundation.
1.3 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.4 	Section 1. INITIATIVE FOUNDATION; APPROPRIATION.
 1.5 	$3,000,000 in fiscal year 2021 is appropriated from the general fund to the commissioner 
1.6 	of employment and economic development for a grant to the six Minnesota Initiative 
1.7 	Foundations for business revolving loans or other lending programs. This is a onetime 
1.8 	appropriation and is available until expended.