Bill Text: MN HF2586 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Minnesota investment fund administrative expenses modified.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2014-03-03 - Introduction and first reading, referred to Jobs and Economic Development Finance and Policy [HF2586 Detail]
Download: Minnesota-2013-HF2586-Introduced.html
1.2relating to economic development; modifying the administrative expenses for
1.3the Minnesota investment fund;amending Laws 2013, chapter 85, article 1,
1.4section 3, subdivision 2.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Laws 2013, chapter 85, article 1, section 3, subdivision 2, is amended to read:
1.12(a)(1) $15,000,000 each year is for the
1.13Minnesota investment fund under Minnesota
1.14Statutes, section116J.8731 . Of this amount,
1.15the commissioner of employment and
1.16economic development may use up to three
1.17percent for administrative expenses. This
1.18appropriation is available until spent.
1.19(2) Of the amount available under clause
1.20(1), up to $3,000,000 in fiscal year 2014
1.21is for a loan to facilitate initial investment
1.22in the purchase and operation of a
1.23biopharmaceutical manufacturing facility.
1.24This loan is not subject to the loan limitations
2.1under Minnesota Statutes, section116J.8731 ,
2.2and shall be forgiven by the commissioner
2.3of employment and economic development
2.4upon verification of meeting performance
2.5goals. Purchases related to and for the
2.6purposes of this loan award must be made
2.7between January 1, 2013, and June 30, 2015.
2.8The amount under this clause is available
2.9until expended.
2.10(3) Of the amount available under clause (1),
2.11up to $2,000,000 is available for subsequent
2.12investment in the biopharmaceutical facility
2.13project in clause (2). The amount under this
2.14clause is available until expended. Loan
2.15thresholds under clause (2) must be achieved
2.16and maintained to receive funding. Loans
2.17are not subject to the loan limitations under
2.18Minnesota Statutes, section116J.8731 , and
2.19shall be forgiven by the commissioner of
2.20employment and economic development
2.21upon verification of meeting performance
2.22goals. Purchases related to and for the
2.23purposes of loan awards must be made during
2.24the biennium the loan was received.
2.25(4) Notwithstanding any law to the contrary,
2.26the biopharmaceutical manufacturing facility
2.27in this paragraph shall be deemed eligible
2.28for the Minnesota job creation fund under
2.29Minnesota Statutes, section116J.8748 ,
2.30by having at least $25,000,000 in capital
2.31investment and 190 retained employees.
2.32(5) For purposes of clauses (1) to (4),
2.33"biopharmaceutical" and "biologics" are
2.34interchangeable and mean medical drugs
2.35or medicinal preparations produced using
3.1technology that uses biological systems,
3.2living organisms, or derivatives of living
3.3organisms, to make or modify products or
3.4processes for specific use. The medical drugs
3.5or medicinal preparations include but are not
3.6limited to proteins, antibodies, nucleic acids,
3.7and vaccines.
3.8(b) $12,000,000 each year is for the
3.9Minnesota job creation fund under Minnesota
3.10Statutes, section116J.8748 . Of this amount,
3.11the commissioner of employment and
3.12economic development may use up to three
3.13percent for administrative expenses. This
3.14appropriation is available until spent. The
3.15base funding for this program shall be
3.16$12,500,000 each year in the fiscal year
3.172016-2017 biennium.
3.18(c) $1,272,000 each year is from the
3.19general fund for contaminated site cleanup
3.20and development grants under Minnesota
3.21Statutes, sections116J.551 to
116J.558 . This
3.22appropriation is available until expended.
3.23(d) $700,000 each year is from the
3.24remediation fund for contaminated site
3.25cleanup and development grants under
3.26Minnesota Statutes, sections116J.551 to
3.27116J.558
. This appropriation is available
3.28until expended.
3.29(e) $1,425,000 the first year and $1,425,000
3.30the second year are from the general fund for
3.31the business development competitive grant
3.32program. Of this amount, up to five percent
3.33is for administration and monitoring of the
3.34business development competitive grant
3.35program. All grant awards shall be for two
4.1consecutive years. Grants shall be awarded
4.2in the first year.
4.3(f) $4,195,000 each year is from the general
4.4fund for the Minnesota job skills partnership
4.5program under Minnesota Statutes, sections
4.6116L.01
to
116L.17 . If the appropriation for
4.7either year is insufficient, the appropriation
4.8for the other year is available. This
4.9appropriation is available until spent.
4.10(g) $6,000,000 the first year is from the
4.11general fund for the redevelopment program
4.12under Minnesota Statutes, section116J.571 .
4.13This is a onetime appropriation and is
4.14available until spent.
4.15(h) $12,000 each year is from the general
4.16fund for a grant to the Upper Minnesota Film
4.17Office.
4.18(i) $325,000 each year is from the general
4.19fund for the Minnesota Film and TV Board.
4.20The appropriation in each year is available
4.21only upon receipt by the board of $1 in
4.22matching contributions of money or in-kind
4.23contributions from nonstate sources for every
4.24$3 provided by this appropriation, except that
4.25each year up to $50,000 is available on July
4.261 even if the required matching contribution
4.27has not been received by that date.
4.28(j) $100,000 each year is for a grant to the
4.29Northern Lights International Music Festival.
4.30(k) $5,000,000 each year is from the general
4.31fund for a grant to the Minnesota Film
4.32and TV Board for the film production jobs
4.33program under Minnesota Statutes, section
4.34116U.26
. This appropriation is available
4.35until expended. The base funding for this
5.1program shall be $1,500,000 each year in the
5.2fiscal year 2016-2017 biennium.
5.3(l) $375,000 each year is from the general
5.4fund for a grant to Enterprise Minnesota, Inc.,
5.5for the small business growth acceleration
5.6program under Minnesota Statutes, section
5.7116O.115
. This is a onetime appropriation.
5.8(m) $160,000 each year is from the general
5.9fund for a grant to develop and implement
5.10a southern and southwestern Minnesota
5.11initiative foundation collaborative pilot
5.12project. Funds available under this paragraph
5.13must be used to support and develop
5.14entrepreneurs in diverse populations in
5.15southern and southwestern Minnesota. This
5.16is a onetime appropriation and is available
5.17until expended.
5.18(n) $100,000 each year is from the general
5.19fund for the Center for Rural Policy
5.20and Development. This is a onetime
5.21appropriation.
5.22(o) $250,000 each year is from the general
5.23fund for the Broadband Development Office.
5.24(p) $250,000 the first year is from the
5.25general fund for a onetime grant to the St.
5.26Paul Planning and Economic Development
5.27Department for neighborhood stabilization
5.28use in NSP3.
5.29(q) $1,235,000 the first year is from the
5.30general fund for a onetime grant to a city
5.31of the second class that is designated as an
5.32economically depressed area by the United
5.33States Department of Commerce. The
5.34appropriation is for economic development,
5.35redevelopment, and job creation programs
6.1and projects. This appropriation is available
6.2until expended.
6.3(r) $875,000 each year is from the general
6.4fund for the Host Community Economic
6.5Development Program established in
6.6Minnesota Statutes, section116J.548 .
6.7(s) $750,000 the first year is from the general
6.8fund for a onetime grant to the city of Morris
6.9for loans or grants to agricultural processing
6.10facilities for energy efficiency improvements.
6.11Funds available under this section shall be
6.12used to increase conservation and promote
6.13energy efficiency through retrofitting existing
6.14systems and installing new systems to
6.15recover waste heat from industrial processes
6.16and reuse energy. This appropriation is not
6.17available until the commissioner determines
6.18that at least $1,250,000 is committed to
6.19the project from nonpublic sources. This
6.20appropriation is available until expended.
6.21EFFECTIVE DATE.This section is effective retroactively from July 1, 2013.
1.3the Minnesota investment fund;amending Laws 2013, chapter 85, article 1,
1.4section 3, subdivision 2.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Laws 2013, chapter 85, article 1, section 3, subdivision 2, is amended to read:
| 1.7 1.8 |
Subd. 2.Business and Community Development |
53,642,000 |
45,407,000 |
||||
| 1.9 |
Appropriations by Fund |
||
| 1.10 |
General |
52,942,000 |
44,707,000 |
| 1.11 |
Remediation |
700,000 |
700,000 |
1.13Minnesota investment fund under Minnesota
1.14Statutes, section
1.15the commissioner of employment and
1.16economic development may use up to three
1.17percent for administrative expenses. This
1.18appropriation is available until spent.
1.19(2) Of the amount available under clause
1.20(1), up to $3,000,000 in fiscal year 2014
1.21is for a loan to facilitate initial investment
1.22in the purchase and operation of a
1.23biopharmaceutical manufacturing facility.
1.24This loan is not subject to the loan limitations
2.1under Minnesota Statutes, section
2.2and shall be forgiven by the commissioner
2.3of employment and economic development
2.4upon verification of meeting performance
2.5goals. Purchases related to and for the
2.6purposes of this loan award must be made
2.7between January 1, 2013, and June 30, 2015.
2.8The amount under this clause is available
2.9until expended.
2.10(3) Of the amount available under clause (1),
2.11up to $2,000,000 is available for subsequent
2.12investment in the biopharmaceutical facility
2.13project in clause (2). The amount under this
2.14clause is available until expended. Loan
2.15thresholds under clause (2) must be achieved
2.16and maintained to receive funding. Loans
2.17are not subject to the loan limitations under
2.18Minnesota Statutes, section
2.19shall be forgiven by the commissioner of
2.20employment and economic development
2.21upon verification of meeting performance
2.22goals. Purchases related to and for the
2.23purposes of loan awards must be made during
2.24the biennium the loan was received.
2.25(4) Notwithstanding any law to the contrary,
2.26the biopharmaceutical manufacturing facility
2.27in this paragraph shall be deemed eligible
2.28for the Minnesota job creation fund under
2.29Minnesota Statutes, section
2.30by having at least $25,000,000 in capital
2.31investment and 190 retained employees.
2.32(5) For purposes of clauses (1) to (4),
2.33"biopharmaceutical" and "biologics" are
2.34interchangeable and mean medical drugs
2.35or medicinal preparations produced using
3.1technology that uses biological systems,
3.2living organisms, or derivatives of living
3.3organisms, to make or modify products or
3.4processes for specific use. The medical drugs
3.5or medicinal preparations include but are not
3.6limited to proteins, antibodies, nucleic acids,
3.7and vaccines.
3.8(b) $12,000,000 each year is for the
3.9Minnesota job creation fund under Minnesota
3.10Statutes, section
3.11the commissioner of employment and
3.12economic development may use up to three
3.13percent for administrative expenses. This
3.14appropriation is available until spent. The
3.15base funding for this program shall be
3.16$12,500,000 each year in the fiscal year
3.172016-2017 biennium.
3.18(c) $1,272,000 each year is from the
3.19general fund for contaminated site cleanup
3.20and development grants under Minnesota
3.21Statutes, sections
3.22appropriation is available until expended.
3.23(d) $700,000 each year is from the
3.24remediation fund for contaminated site
3.25cleanup and development grants under
3.26Minnesota Statutes, sections
3.28until expended.
3.29(e) $1,425,000 the first year and $1,425,000
3.30the second year are from the general fund for
3.31the business development competitive grant
3.32program. Of this amount, up to five percent
3.33is for administration and monitoring of the
3.34business development competitive grant
3.35program. All grant awards shall be for two
4.1consecutive years. Grants shall be awarded
4.2in the first year.
4.3(f) $4,195,000 each year is from the general
4.4fund for the Minnesota job skills partnership
4.5program under Minnesota Statutes, sections
4.7either year is insufficient, the appropriation
4.8for the other year is available. This
4.9appropriation is available until spent.
4.10(g) $6,000,000 the first year is from the
4.11general fund for the redevelopment program
4.12under Minnesota Statutes, section
4.13This is a onetime appropriation and is
4.14available until spent.
4.15(h) $12,000 each year is from the general
4.16fund for a grant to the Upper Minnesota Film
4.17Office.
4.18(i) $325,000 each year is from the general
4.19fund for the Minnesota Film and TV Board.
4.20The appropriation in each year is available
4.21only upon receipt by the board of $1 in
4.22matching contributions of money or in-kind
4.23contributions from nonstate sources for every
4.24$3 provided by this appropriation, except that
4.25each year up to $50,000 is available on July
4.261 even if the required matching contribution
4.27has not been received by that date.
4.28(j) $100,000 each year is for a grant to the
4.29Northern Lights International Music Festival.
4.30(k) $5,000,000 each year is from the general
4.31fund for a grant to the Minnesota Film
4.32and TV Board for the film production jobs
4.33program under Minnesota Statutes, section
4.35until expended. The base funding for this
5.1program shall be $1,500,000 each year in the
5.2fiscal year 2016-2017 biennium.
5.3(l) $375,000 each year is from the general
5.4fund for a grant to Enterprise Minnesota, Inc.,
5.5for the small business growth acceleration
5.6program under Minnesota Statutes, section
5.8(m) $160,000 each year is from the general
5.9fund for a grant to develop and implement
5.10a southern and southwestern Minnesota
5.11initiative foundation collaborative pilot
5.12project. Funds available under this paragraph
5.13must be used to support and develop
5.14entrepreneurs in diverse populations in
5.15southern and southwestern Minnesota. This
5.16is a onetime appropriation and is available
5.17until expended.
5.18(n) $100,000 each year is from the general
5.19fund for the Center for Rural Policy
5.20and Development. This is a onetime
5.21appropriation.
5.22(o) $250,000 each year is from the general
5.23fund for the Broadband Development Office.
5.24(p) $250,000 the first year is from the
5.25general fund for a onetime grant to the St.
5.26Paul Planning and Economic Development
5.27Department for neighborhood stabilization
5.28use in NSP3.
5.29(q) $1,235,000 the first year is from the
5.30general fund for a onetime grant to a city
5.31of the second class that is designated as an
5.32economically depressed area by the United
5.33States Department of Commerce. The
5.34appropriation is for economic development,
5.35redevelopment, and job creation programs
6.1and projects. This appropriation is available
6.2until expended.
6.3(r) $875,000 each year is from the general
6.4fund for the Host Community Economic
6.5Development Program established in
6.6Minnesota Statutes, section
6.7(s) $750,000 the first year is from the general
6.8fund for a onetime grant to the city of Morris
6.9for loans or grants to agricultural processing
6.10facilities for energy efficiency improvements.
6.11Funds available under this section shall be
6.12used to increase conservation and promote
6.13energy efficiency through retrofitting existing
6.14systems and installing new systems to
6.15recover waste heat from industrial processes
6.16and reuse energy. This appropriation is not
6.17available until the commissioner determines
6.18that at least $1,250,000 is committed to
6.19the project from nonpublic sources. This
6.20appropriation is available until expended.
6.21EFFECTIVE DATE.This section is effective retroactively from July 1, 2013.
