HF 1272
Introduction - 92nd Legislature (2021 - 2022)
Posted on 02/18/2021 03:29 p.m.
KEY: stricken = removed, old language.
underscored = added, new language.
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A bill for an act
relating to economic development; appropriating money for small business
development in East St. Paul.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. new text begin SMALL BUSINESS DEVELOPMENT; APPROPRIATION.
new text end
new text begin
$4,000,000 in fiscal year 2022 is appropriated from the general fund to the commissioner
of employment and economic development for a revolving loan fund and competitive grants
to small businesses in East St. Paul to support community small business development. Of
this amount, $1,000,000 is for a revolving loan fund. This is a onetime appropriation.
new text end