HF 3367

as introduced - 89th Legislature (2015 - 2016) Posted on 04/07/2016 04:33pm

A bill for an act
relating to economic development; appropriating money for a grant to Build
Wealth MN for family stabilization plan program expansion; requiring a report.

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

Section 1. new text begin APPROPRIATION; FAMILY STABILIZATION PLAN EXPANSION
INITIATIVE.
new text end

new text begin $385,000 in fiscal year 2016 and $409,000 in fiscal year 2017 are appropriated
from the general fund to the commissioner of employment and economic development
for a grant to Build Wealth MN for expansion and replication of the family stabilization
plan program including program outreach, financial literacy education, budget and
debt counseling, and, through project partners, making culturally sensitive financial
products and services available, providing affordable and sustainable housing options,
and providing employment and business development opportunities to communities of
color. By February 1, 2018, Build Wealth MN shall report to the commissioner and the
chairs and ranking minority members of the legislative committees having jurisdiction
over economic development policy and finance on activities, expenditures, and outcomes
of the family stabilization plan program expansion initiative.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end