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SF 4124

Introduction - 94th Legislature (2025 - 2026)

Posted on 03/19/2026 09:12 a.m.

KEY: stricken = removed, old language.
underscored = added, new language.
Version List SF4124 Authors and Status
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A bill for an act
 relating to capital investment; modifying grant caps for port development assistance;
amending Minnesota Statutes 2024, section 457A.03, subdivision 3.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2024, section 457A.03, subdivision 3, is amended to read:


Subd. 3.

State participation; limitations.

The commissioner may not provide any
assistance under this chapter for more than 80 percent of the deleted text begin nonfederal sharedeleted text end new text begin total costnew text end of
any project. Assistance provided under this chapter may not be used to match any other
state funds. The commissioner shall not assume continuing funding responsibility for any
commercial navigation facility project.