Bill Text: MN HF2059 | 2013-2014 | 88th Legislature | Introduced


Bill Title: Greater Minnesota business development public infrastructure grant program modification funding provided, bonds issued, and money appropriated.

Spectrum: Moderate Partisan Bill (Democrat 21-5)

Status: (Introduced - Dead) 2014-03-12 - Committee report, to adopt and re-refer to Capital Investment [HF2059 Detail]

Download: Minnesota-2013-HF2059-Introduced.html

1.1A bill for an act
1.2relating to capital investment; appropriating money for and modifying the
1.3greater Minnesota business development public infrastructure grant program;
1.4authorizing the sale and issuance of state bonds;amending Minnesota Statutes
1.52012, section 116J.431, subdivisions 2, 6.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7    Section 1. Minnesota Statutes 2012, section 116J.431, subdivision 2, is amended to read:
1.8    Subd. 2. Eligible projects. (a) An economic development project for which a
1.9county or city may be eligible to receive a grant under this section includes:
1.10(1) manufacturing;
1.11(2) technology;
1.12(3) warehousing and distribution;
1.13(4) research and development;
1.14(5) agricultural processing, defined as transforming, packaging, sorting, or grading
1.15livestock or livestock products into goods that are used for intermediate or final
1.16consumption, including goods for nonfood use; or
1.17(6) industrial park development that would be used by any other business listed
1.18in this subdivision.
1.19(b) A county or city may be eligible to receive a grant under this section for new
1.20public infrastructure, or to expand or replace part or all of an existing public infrastructure
1.21system, that does not meet the needs of the economic development project because of the
1.22public infrastructure's capacity or condition.
1.23EFFECTIVE DATE.This section is effective the day following final enactment.

2.1    Sec. 2. Minnesota Statutes 2012, section 116J.431, subdivision 6, is amended to read:
2.2    Subd. 6. Maximum grant amount. A county or city may receive no more than
2.3$1,000,000 $2,000,000 in two years for one or more projects.
2.4EFFECTIVE DATE.This section is effective the day following final enactment.

2.5    Sec. 3. GREATER MINNESOTA BUSINESS DEVELOPMENT PUBLIC
2.6INFRASTRUCTURE GRANT PROGRAM.
2.7    Subdivision 1. Appropriation. $25,000,000 is appropriated from the bond proceeds
2.8fund to the commissioner of employment and economic development for the greater
2.9Minnesota business development public infrastructure grant program under Minnesota
2.10Statutes, section 116J.431.
2.11    Subd. 2. Bond sale. To provide the money appropriated in this section from the
2.12bond proceeds fund, the commissioner of management and budget shall sell and issue
2.13bonds of the state in an amount up to $25,000,000 in the manner, upon the terms, and with
2.14the effect prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the
2.15Minnesota Constitution, article XI, sections 4 to 7.
2.16EFFECTIVE DATE.This section is effective the day following final enactment.
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