HF335 (Legislative Session 94 (2025-2026))
Greater Minnesota business development public infrastructure grant program funding provided, and money appropriated.
Related bill: SF582
AI Generated Summary
Purpose
- The bill provides funding to support the Greater Minnesota business development public infrastructure grant program. The goal is to help finance infrastructure projects that enable business growth and economic development in greater Minnesota.
Main Provisions
- Appropriations: The bill authorizes two new annual appropriations from the general fund:
- $2,500,000 for fiscal year 2026
- $2,500,000 for fiscal year 2027
- Use of funds: The appropriated money is designated for the Greater Minnesota business development public infrastructure grant program, administered by the commissioner of employment and economic development.
- Legal authority: The grants are to be provided under Minnesota Statutes section 116J.431, using the existing statutory framework for this program.
Signficant Changes to Existing Law
- Funding increase without restructuring: The bill does not create or change the program’s framework or eligibility criteria; it increases funding levels for two future fiscal years within the current statutory program (116J.431).
Implementation and Administration
- administering agency: The commissioner of employment and economic development is responsible for distributing the grants.
- Program alignment: Funds must be used in accordance with the existing statutory provisions governing the greater Minnesota public infrastructure grant program.
Fiscal Impact
- Budget impact: The general fund will incur appropriations totaling $5,000,000 over two fiscal years (FY2026 and FY2027) to support infrastructure-related grants that foster business development in greater Minnesota.
Relevant Context
- This action ties to economic development objectives by investing in infrastructure that supports business growth in less-populated areas of Minnesota.
- The approach leverages established grant mechanisms under the current statutory framework (116J.431).
Relevant Terms general fund; appropriation; commissioner of employment and economic development; greater Minnesota; business development; public infrastructure grant program; Minnesota Statutes section 116J.431; fiscal year 2026; fiscal year 2027; infrastructure grants; economic development funding; grant program.
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 13, 2025 | House | Action | Introduction and first reading, referred to | Workforce, Labor, and Economic Development Finance and Policy | |
| February 20, 2025 | House | Action | Author added |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This appropriation references Minnesota Statutes section 116J.431, under which the Greater Minnesota business development public infrastructure grant program is established or governed, for funding in fiscal years 2026 and 2027.",
"modified": []
},
"citation": "116J.431",
"subdivision": ""
}
]Progress through the legislative process
In Committee