SF 2776

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/10/2023 09:21am

A bill for an act
relating to economic development; modifying the targeted community capital
project grant program; appropriating money; amending Minnesota Statutes 2022,
section 116J.9924, subdivision 4; repealing Minnesota Statutes 2022, section
116J.9924, subdivision 6.

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

Section 1.

Minnesota Statutes 2022, section 116J.9924, subdivision 4, is amended to read:

Subd. 4.

Grant amount; project phasing.

(a) The commissioner shall award grants in
an amount not to exceed deleted text begin $1,500,000 deleted text end new text begin $3,000,000 new text end per grant.

(b) A grant awarded under this section must be no less than the amount required to
complete one or more phases of the project, less any nonstate funds already committed for
such activities.

Sec. 2. new text begin APPROPRIATION.
new text end

new text begin $....... in fiscal year 2024 is appropriated from the general fund to the commissioner of
employment and economic development for the targeted community capital project grant
program under Minnesota Statutes, section 116J.9924. This is a onetime appropriation.
new text end

Sec. 3. new text begin REPEALER.
new text end

new text begin Minnesota Statutes 2022, section 116J.9924, subdivision 6, new text end new text begin is repealed.
new text end

APPENDIX

Repealed Minnesota Statutes: 23-01802

116J.9924 TARGETED COMMUNITY CAPITAL PROJECT GRANT PROGRAM.

Subd. 6.

Applicability of other laws.

The provisions of chapter 16A that apply to general fund appropriations for capital projects also apply to grants under this section. Money granted under this section is available until the project is completed or abandoned subject to section 16A.642.