This bill amends Minnesota Statutes 2024, section 457A.03, subdivision 3, to modify the limitations on state assistance for port development projects. Specifically, it changes the maximum state participation from 80 percent of the nonfederal share of a project to 80 percent of the total cost of any project. This adjustment allows for a broader scope of funding eligibility for port development assistance.

Additionally, the bill maintains that assistance provided under this chapter cannot be used to match any other state funds, and it reiterates that the commissioner will not take on ongoing funding responsibilities for any commercial navigation facility project. These changes aim to enhance the state's support for port development while ensuring fiscal responsibility.

Statutes affected:
Introduction: 457A.03