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Capital IconMinnesota Legislature

Legislative Session number- 82

Bill Name: SF1472

Modifying the capital access program; defining community development venture
capital fund; authorizing the provision of capital in the form of equity
investments for community development venture capital funds or loans for all
other assistance; specifying certain duties of the commissioner of trade and
economic development (DTED) relating to equity investments; authorizing the
commissioner to invest funds from the capital access account for equity
investments in community development venture capital funds to provide capital
for small and emerging businesses; exempting the capital access program from a
certain contract duration limit under the state procurement program; specifying
certain statutory reference substitution instructions to the revisor of