Bill Summary – FastDemocracy

A bill for an act
relating to economic development; modifying appropriations for PROMISE grants
and loans.

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

Section 1. new text begin PROMISE ACT GRANTS; 2023 APPROPRIATION.
new text end

new text begin The appropriation for the PROMISE grant program in Laws 2023, chapter 53, article
20, section 2, subdivision 2, paragraph (z), clause (3), item (ii), includes, in addition to the
corridors listed in item (ii), the following designated areas in South Minneapolis:
new text end

new text begin (1) Hennepin Avenue Commercial corridor;
new text end

new text begin (2) South Hennepin Community corridor; and
new text end

new text begin (3) Uptown Special Service District.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective retroactively from July 1, 2023.
new text end

Sec. 2. new text begin PROMISE ACT LOANS; 2023 APPROPRIATION.
new text end

new text begin The appropriation for the PROMISE loan program in Laws 2023, chapter 53, article 20,
section 2, subdivision 2, paragraph (aa), clause (3), item (ii), includes, in addition to the
corridors listed in item (ii), the following designated areas in South Minneapolis:
new text end

new text begin (1) Hennepin Avenue Commercial corridor;
new text end

new text begin (2) South Hennepin Community corridor; and
new text end

new text begin (3) Uptown Special Service District.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective retroactively from July 1, 2023.
new text end

Section 1. new text begin PROMISE ACT GRANTS; 2023 APPROPRIATION.new text end

new text begin EFFECTIVE DATE. new text end

Sec. 2. new text begin PROMISE ACT LOANS; 2023 APPROPRIATION.new text end

new text begin EFFECTIVE DATE. new text end

Section 1. new text begin PROMISE ACT GRANTS; 2023 APPROPRIATION.
new text end

Sec. 2. new text begin PROMISE ACT LOANS; 2023 APPROPRIATION.
new text end