This bill amends the effective date of a previous law regarding the Lake Mille Lacs area economic relief program, specifically Laws 2016, chapter 189, article 7, section 46. The amendment changes the effective date to be retroactive from June 30, 2018, and removes the expiration date that was previously set for June 30, 2018.

Additionally, the bill introduces a new provision that mandates the commissioner of employment and economic development to request the forgiveness of all outstanding loans issued under the aforementioned law. This includes the authority to modify any terms of the grant made to Mille Lacs County as necessary to facilitate this loan forgiveness.