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Office of the Revisor of Statutes

SF 861 Senate Long Description

Creating the upper Red Lake business loan program; authorizing the commissioner of trade and economic development (DTED) to make interest free loans to businesses in the upper Red Lake area severely affected by the significant decline of the walleye fishing resource in the upper Red Lake; specifying application requirements and providing for allocation of loan funds; specifying a maximum loan amount and duration; providing for repayment and for loan forgiveness under certain conditions (ra)