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SF 4235

as introduced - 91st Legislature (2019 - 2020) Posted on 03/11/2020 03:45pm

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 1.10

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:

Section 1. new text beginEMERGING ENTREPRENEUR LOAN PROGRAM.
new text end

new text begin $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.
new text end