2E Relating to economic development; establishing the Minnesota biomedical sciences research facilities authority, specifying membership and providing for meetings by telephone or other means, requiring the commissioner of finance to provide administrative services; requiring the authority to report recommendations to the legislature by a certain date; requiring the authority to establish a biomedical science research facilities funding program, requiring grant applications to be made by the regents of the university of Minnesota to the authority, specifying grant applications criteria, providing for grant approvals and providing for disbursement of grants; establishing the biomedical science research facilities bond fund, providing for an appropriation transfer; requiring recipients of state subsidies for bioscience and biotechnology to provide a certain number of reports to the commissioner of employment and economic development (DEED) by a certain date annually, requiring the commissioner to provide a compilation and summary report to the legislature annually by a certain date; authorizing the sale of bonds
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