as introduced - 91st Legislature (2019 - 2020) Posted on 03/11/2020 03:45pm
A bill for an act
relating to economic development; transferring funds to the emerging entrepreneur
loan program.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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$25,000,000 in fiscal year 2021 is transferred from the general fund to the commissioner
of employment and economic development for deposit in the emerging entrepreneur program
special revenue fund account created under Minnesota Statutes, chapter 116M, and is
available until expended. Of this amount, up to five percent is for administration and
monitoring of the program. This transfer is in addition to any prior appropriations or transfers.
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