Greater Minnesota business development public infrastructure grant program funding provided, bonds issued, and money appropriated.

This bill authorizes the sale and issuance of up to $10 million in state bonds to fund the Greater Minnesota Business Development Public Infrastructure Grant Program. The funds will be distributed by the commissioner of employment and economic development to provide grants for public infrastructure projects in Greater Minnesota. The legislation enables the state to raise capital through bond sales to support economic development initiatives in rural areas, with the money coming from the bond proceeds fund. The bill becomes effective the day after it is passed by the legislature.