Fortis Capital grant funding provided for a revolving loan fund, report required, and money appropriated.

HF 2581 appropriates $1 million from Minnesota's general fund in fiscal year 2026 to Fortis Capital, a nonprofit organization, to establish a revolving loan fund. The fund provides risk-mitigating capital for commercial development in underserved communities and supports entrepreneurs from disadvantaged groups statewide, prioritizing partnerships with private lenders to leverage additional funding. Up to 10% of the grant may cover Fortis Capital's operating costs. Fortis Capital must submit a report detailing fund usage and outcomes to legislative committees by December 31, 2028, and the appropriation is a one-time allocation available until expended.