HF 2148

as introduced - 91st Legislature (2019 - 2020) Posted on 03/11/2019 05:21pm

A bill for an act
relating to economic development; providing for a grant from the Minnesota
Investment Fund.

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

Section 1. new text begin MINNESOTA INVESTMENT FUND; LACTIC ACID PRODUCTION
INITIATIVE.
new text end

new text begin Of the amount available under Minnesota Statutes, section 116J.8731, in fiscal year
2020, $1,000,000 is for a grant to the city of Minnetonka for a high-risk, high-return jobs
retention and creation initiative to be conducted by a local organization that produces lactic
acid/lactate to help grow and expand the bioeconomy in Minnesota. The grant under this
section is not subject to the limitations under Minnesota Statutes, section 116J.8731,
subdivision 5, or the performance goals, contractual obligations, and other requirements
under Minnesota Statutes, sections 116J.8731, subdivision 7; 116J.993; and 116J.994. This
is a onetime appropriation and is available until June 30, 2022.
new text end