PROMISE grant program prior appropriations terminated.

This bill amends Minnesota's budget laws to adjust funding levels for the Business and Community Development portfolio, specifically reducing the total appropriation for the PROMISE grant program. The legislation directly affects various state agencies and grant recipients by establishing new spending caps and reallocating funds across multiple economic development initiatives, including small business centers, contaminated site cleanup, and child care provider grants. Key provisions detail specific dollar amounts for each program, set expiration dates for certain funds, and outline reporting requirements for grant recipients to track outcomes like job creation and new business start-ups. By modifying the statutory text for these appropriations, the bill ensures that future fiscal years adhere to the revised financial limits and administrative rules.