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HF 1667

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/18/2021 03:55pm

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

Bill Text Versions

Engrossments
Introduction Posted on 02/25/2021

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 2022 and $400,000 in fiscal year 2023 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 2022 are
available for use in fiscal year 2023.
new text end