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SF 1951

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, if Uponor North America, who received
a Minnesota Investment Fund grant under Minnesota Statutes, section 116J.8731, is unable
to meet the job creation goals of the agreement during a peacetime emergency related to
the COVID-19 pandemic, the company 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