1.1 	A bill for an act
1.2 	relating to taxation; aids to local governments; extending the availability of an 
1.3 	appropriation;amending Laws 2023, chapter 64, article 15, section 30.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Laws 2023, chapter 64, article 15, section 30, is amended to read:
1.6 	Sec. 30. APPROPRIATION; CITY OF MINNEAPOLIS; GRANT.
 1.7 	(a) $10,000,000 in fiscal year 2024 is appropriated from the general fund to the 
1.8 	commissioner of employment and economic development for a grant to the city of 
1.9 	Minneapolis. This is a onetime appropriation. The grant must be paid by July 15, 2023. The 
1.10 	city of Minneapolis may use up to one percent of the grant for administrative costs. This 
1.11 	appropriation is available until June 30, 2027.
1.12 	(b) Of the amount granted to the city of Minneapolis under paragraph (a), $8,000,000 
1.13 	must be used for a grant to a foundation that provides business advising, branding and 
1.14 	marketing support, and real estate consulting to businesses located on Lake Street in 
1.15 	Minneapolis, between 30th Avenue South and Nicollet Avenue. The organization must use 
1.16 	the funds for direct business support or direct corridor support, including assistance with 
1.17 	marketing, placemaking, and public relations services.
1.18 	(c) Of the amount granted to the city of Minneapolis under paragraph (a), $2,000,000 
1.19 	must be used for property acquisition in the city of Minneapolis at 1860 28th Street East 
1.20 	and 2717 Longfellow Avenue.

1.21 	EFFECTIVE DATE. This section is effective the day following final enactment.