Minnesota Legislature
SF 552
as introduced - 91st Legislature (2019 - 2020) Posted on 01/28/2019 03:29pm
KEY: stricken = removed, old language.
underscored = added, new language.
Current Version - as introduced
Line numbers
1.1
1.2
1.3
1.4
1.5 1.6 1.7 1.8 1.9
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 begin SMALL BUSINESS DEVELOPMENT; APPROPRIATION.
new text end
new text begin
$4,000,000 in fiscal year 2020 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