The bill proposes the establishment of Cultural Community Rescue Restart Grants, aimed at providing financial assistance to eligible arts and cultural organizations in Minnesota that have faced hardships due to the COVID-19 pandemic. The Minnesota State Arts Board is designated as the administering body for these grants, which are limited to one per eligible organization. To qualify, organizations must meet specific criteria, including being a 501(c)(3) or equivalent nonprofit, having operations in Minnesota, and demonstrating a significant reduction in revenue due to the pandemic. The bill outlines detailed eligibility requirements for both nonprofit arts organizations and live entertainment entities, including revenue thresholds and operational criteria.

Additionally, the bill appropriates a total of $12 million from the general fund for fiscal year 2024 to support these initiatives. This includes $9 million for the grants, $1 million for a promotional campaign to encourage attendance at arts venues, and $1 million each for outreach in underserved communities and research on barriers faced by arts organizations. The Minnesota State Arts Board is also required to submit a report to the legislature by January 15, 2025, detailing the use of the funds. The bill includes provisions for the development of application processes and reporting requirements, as well as exemptions from certain state statutes related to grant-making.