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SF 1950

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/10/2021 03:50pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to economic development; extending certain job creation goals for
Minnesota investment fund grants during the COVID-19 pandemic.

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

Section 1. new text beginMINNESOTA INVESTMENT FUND JOB CREATION GOALS
EXTENSION.
new text end

new text begin Notwithstanding any other law to the contrary, a recipient of a Minnesota Investment
Fund grant under Minnesota Statutes, section 116J.8731, who is unable to meet the job
creation goals of the agreement during a peacetime emergency related to the COVID-19
pandemic shall be granted an extension until June 30, 2023, to meet those job creation goals
before the grant must be repaid.
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