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SF 1146

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/26/2021 01:03pm

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9

A bill for an act
relating to economic development; appropriating money for small business
development in East St. Paul.

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

Section 1. new text beginSMALL BUSINESS DEVELOPMENT; APPROPRIATION.
new text end

new text begin $4,000,000 in fiscal year 2022 is appropriated from the general fund to the commissioner
of employment and economic development for a revolving loan fund and competitive grants
to small businesses in East St. Paul to support community small business development. Of
this amount, $1,000,000 is for a revolving loan fund. This is a onetime appropriation.
new text end