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Capital IconMinnesota Legislature

HF 580

as introduced - 91st Legislature (2019 - 2020) Posted on 02/07/2019 04:24pm

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 01/31/2019

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 1.11 1.12

A bill for an act
relating to commerce; appropriating money for a financial services inclusion
program.

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

Section 1. new text beginFINANCIAL SERVICES INCLUSION PROGRAM; APPROPRIATION.
new text end

new text begin $400,000 in fiscal year 2020 and $400,000 in fiscal year 2021 are appropriated from the
general fund to the commissioner of commerce for a grant to Prepare and Prosper to develop,
market, evaluate, and distribute a financial services inclusion program that (1) assists
low-income and financially underserved populations to build savings and strengthen credit,
and (2) provides services to assist low income and financially underserved populations
become more financially stable and secure. Any unspent funds from fiscal year 2020 are
available for use in fiscal year 2021.
new text end