The bill appropriates $1,000,000 from the general fund to the Dakota County Community Development Agency for the Expo 2031 host organization in fiscal year 2026. The funds are intended for various activities related to the project, including necessary licensing fees for public-private partnerships, finalizing development planning, and reimbursing costs incurred by the Dakota County Community Development Agency. The bill stipulates that the host organization and the Dakota County Community Development Agency may be reimbursed for expenses incurred up to 90 days prior to the formal encumbrance of the funds.
Additionally, the appropriation is contingent upon the approval of the project by the International Association of Horticultural Producers and the Bureau International des Expositions. If the project does not receive approval, the allocated funds will be redirected to the Minnesota investment fund as specified in Minnesota Statutes, section 116J.8731. This appropriation is designated as a one-time allocation, and any unencumbered balance at the end of the first year will carry over into the second year.